Spotify May Be Preparing for Stock Market Launch

The music-sharing service recruits a U.S. financial reporting specialist ahead of possible IPO

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David Paul Morris / Bloomberg via Getty Images

The popular online music streaming service Spotify may be preparing for an initial public offering, as it recruits a U.S. financial reporting specialist required for an IPO.

Companies that plan to go public have to meet U.S. Securities and Exchange Commission (SEC) standards for filing financial disclosures, and Spotify has advertised for a specialist that can assist in financial filings, Reuters reports.

Bankers and lawyers have interpreted Spotify’s search for a financial reporting specialist as a sign the company is preparing to go public. “It looks like they are preparing themselves for an IPO,” a corporate finance lawyer who is not advising the firm told Reuters.

The Swedish startup has been raising money, bringing in $250 million in funding in November. The company could be worth as much as $8 billion.

Spotify declined to comment on whether it has IPO plans.

[Reuters]

2 comments
famulla555555
famulla555555

Consider rationality, and consider four statements: Anthropogenic climate change is real, because most scientists find evidence in support; GMO foods are harmless, because most scientists agree that GM technology is just a more advanced method of plant breeding; migration to Europe is needed, because of demographics and falling birth rates; and animals do not care if they are bread up for food or fur production – or indeed, like Marius the giraffe, fed to the lions at Copenhagen zoo.

Why are these controversial views?

In Europe, mainstream political ideologies from socialism to liberalism stand on the shoulders of the enlightenment; they are inherently rational and humanist with a belief in progress and a rejection of ethic, religious or social dogma. Yet political ideologies are in decline.

For decades the number of party members has fallen, and alongside increased political apathy, Europe has seen a rise in swing voters, in political theatre and ad hoc mobilization within single issue movements; rather than the relative eminence of ideas, trust has emerged as kingmaker in politics; perceptions and feelings have become more important than facts.

In political science, this development is reflected and described by constructivist theories, which have grown in importance and relevance since the 1960s, replacing the previous dominance of political realism. One of these newer schools – the Copenhagen school – sees a process of ‘securitization’ and ‘politization’ whereby a dominant actor – that is often a party leader or a minister – through a speech act convinces the majority of the need to embrace or reject a concept or action; crucially, the relevance of the act is defined in terms of its subsequent acceptance amongst the public rather than on the basis of factual necessity.

So today political rationality is on life support amongst technicians and bureaurocrats outside the political and media sphere; yet from time to time and especially in a time of crisis, reality strikes back, often taking the form of a ‘political necessity’ or specialist politics within technical regulations or standards. In the EU, the Commission services have emerged as a bastion of political rationality and successfully established an internal market through spillover technical integration.

SakibAlHasanAppel
SakibAlHasanAppel

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