Spotify, the popular online music streaming company, is setting the stage for an initial public offering that could value the company at $8B.The company, on LinkedIn, is advertising a spot for an “external reporting specialist” who would be in charge of preparing Spotify for Security and Exchange Commission filing standards and setting up “all reports necessary to be SEC compliant.”
A spokesperson told Reuters that Spotify is looking for executives skilled in financial reporting and able to maintain it up to global standards.
The company has 24M active uses, compared to leader Pandora’s 74M. Pandora’s stock price tripled over the past year.
Spotify raised $200M in funding in November. Its investors include Kleiner Perkins, Accel Partners, Goldman Sachs and Founders Fund.
The music streaming company’s IPO would likely be held in 2015. Spotify joins other “hot” IPO candidates including AirBnB, and Square.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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