in Artist News, Spotify IPO Watch, Spotify Meltdown 117 Words

@danprimack: Axios Exclusive: Spotify files for its IPO

[Editor Charlie sez:  This explains the hush hush Music Modernization Act that was controversially introduced Dec 21–and why it’s called the Spotify IPO Protection Act!]

Music streaming giant Spotify confidentially filed IPO documents with the SEC at the end of December, Axios has learned from multiple sources….

All indications are that Spotify wants to list in Q1, and timing of the confidential F-1 filing would support such a calendar. But yesterday came news that the company has been sued [yet again, this time] for $1.6 billion for copyright infringement. It’s unclear how the suit will affect Spotify’s direct listing plans, outside of needing to add a new risk factor to the confidential docs.

Read the post on Axios