Spotify is tapping banks for a credit facility that could be the precursor to an IPO being launched.
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Bloomberg quotes people with knowledge on the matter as stating that it is talking to a variety of different banks to try and raise the funding that would almost certainly lead to an IPO in the near future.
Two more people that are familiar with the matter commented that Goldman Sachs, an investor in Spotify, is working hard on Spotify’s behalf to arrange the credit facility. When asked about the rumour, spokespersons from both Spotify and Goldman Sachs declined to comment.