Spotify has quietly filed for their initial public offering. According to a report from news service Axios, the music streaming service filed late last month.
Although the company has not publicly announced the IPO, reports indicate it will be a direct listing, suggesting that Spotify will avoid a publicity event.
But their plans may linger for months to come, as the company was hit by a massive lawsuit claiming copyright violations and failing to pay songwriting royalties.

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Spotify Files For IPO Right Before $1.6B Wixen Lawsuit

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