Welcome To Kaboom!

Join Today!

New Music

Spotify Files for IPO

Spotify Files for IPO

Soon, you’ll be able to purchase your very own piece of Spotify: according to AXIOS, the music streaming giant confidentially filed its IPO paperwork with the U.S. Securities and Exchange Commission just ahead of the new year. The timing of the SEC filing would suggest that a public offering is likely right around the corner, possibly even taking place in the very first quarter of 2018.

Ultimately, the move comes at an interesting time for the nearly ten-year-old Swede-founded platform. Just last month it was reported that Spotify’s valuation had dramatically increased, from $16 to $19 billion. That valuation, however, came ahead of the $1.6 billion copyright infringement lawsuit levied against it by Wixen Music Publishing. It remains unclear what havoc the lawsuit could wreak on the IPO, but it’s undoubtedly nothing to scoff at: the lawsuit encompasses over a fifth of Spotify’s musical catalog.