Spotify files for an IPO on the NYSE

Soon, you too can own a part of Spotify.

The music streaming service has filed for its initial public offering, seeking $1 billion for its start on the New York Stock Exchange. The ticker will be $SPOT, according to the F-1 filing.

Spotify’s decision to go public has been expected and in the works for months as the company aims to return investments to venture capitalists and further grow its business. Now, it’s opening itself up to the pocketbooks and the scrutiny of the public market. That status isn’t always easy — just look at competing music-streaming service Pandora.  Read more…

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Source: Mashable | Spotify files for an IPO on the NYSE