Coronavirus

Spotify Hire Signals Crawl Towards IPO May Be Accelerating

The Spotify offices in New York City
Mario Tama/Getty Images

 People gather in the Spotify offices in New York City on June 27, 2013.

Spotify has taken another step towards a long-rumored IPO.

The dominant streaming service has, as confirmed to Billboard this morning, hired Paul Vogel, most recently the senior Internet Analyst and Head of Internet and Media Research Team for Barclays. Add to that Vogel's tech experience as CFO of shopping startup OpenSky and Vogel's bona fides to lead Spotify's imminent public offering become clear.

Spotify Bobs and Weaves Through a Big Week: Troy Carter, Radiohead and 'Free' Money

According to the company's most recent financial filing, revenue growth accelerated over the past year, while losses slowed dramatically -- good news for any business on the verge of having to (constantly) prove itself to the wilds of the open market.


THE BILLBOARD BIZ
SUBSCRIBER EXPERIENCE

The Biz premium subscriber content has moved to Billboard.com/business.


To simplify subscriber access, we have temporarily disabled the password requirement.