Music streaming service Spotify is going public and they’ve just unveiled their filing.
The documents state that it is targeting a $1 billion IPO, but it’s been reported and we’ve heard from sources that the company plans to do a direct listing, meaning it goes public without the fundraising event.
The filing shows that Spotify had $4.09 billion in revenue last year (Euros), compared to $2.95 billion the year before. 2015 saw $1.94 billion in revenue.
The filing is a standard filing for a foreign issuer, known as an F-1.
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