Spotify may be preparing for IPO

The popular online music streaming service Spotify may be preparing for an initial public offering, as it recruits a U.S. financial reporting specialist required for an IPO, according to Time.

Spotify has advertised for a specialist that can assist in financial filings, a requirement by the U.S. Securities and Exchange Commission for companies that plan to go public.

The Swedish startup has been raising money, bringing in $250 million in funding in November. The company could be worth as much as $8 billion, according to the article.

Read more from Time.