Spotify and SEC meet over IPO bypass plans
Bloomberg is reporting that executives from Spotify met with Securities & Exchange Commission representatives recently to discuss the former’s supposed plan to bypass the traditional IPO path and go the direct listing...
August 23, 2017
Snapchat has filed (secretly) for its IPO
Snapchat’s parent company Snap has filed for its long-awaited IPO, although for now financial data about the company remains under wraps. That’s because it has taken advantage of US legislation that enables companies...
November 16, 2016
Facebook reportedly tried to buy ‘Asian Snapchat’ Snow
Remember the days when Facebook tried to buy Snapchat for $3bn? Three years on, the social app is reportedly shooting for a valuation of up to $35bn in its IPO next year. Still, Facebook hasn’t given up on getting a piece...
November 2, 2016
Snapchat parent reportedly planning $25bn IPO
Snap Inc, the newly rebranded parent company of Snapchat, is preparing to go public in the spring of 2017, according to the Wall Street Journal. It claims Snap is “preparing the paperwork for an IPO with a view to selling...
October 10, 2016
“Did Daniel Ek just say that Spotify is buying SoundCloud?” No.
The dopamine hit from clickbait headlines will do for us all at some point. Nordic Business Insider has picked up on an interview with Spotify co-founder Daniel Ek on TV4 in his homeland of Sweden and suggested that, “reading...
August 17, 2016
Guvera India “in a state of chaos”
Crowdmix is not the only new music company having a hard time of it. Australian ad-funded streaming service Guvera was blocked from going for an IPO in June by the Australian Securities Exchange and had to close its operations...
August 5, 2016
Deezer will be profitable by 2018
That’s the claim from Alexis de Gemini, the streaming service’s MD. He said this in an interview on BFM business radio, subsequently picked up by Digital Music News.
August 2, 2016
Guvera battling on after IPO blockage
Streaming firm Guvera’s much-discussed IPO was recently blocked by the Australian Securities Exchange (ASX). Now the company is mulling its next moves, including seeking more money from its shareholders.
July 5, 2016
Line IPO could raise more than $1bn for social network
Japanese messaging app Line is preparing for its delayed IPO on the Tokyo and New York stock exchanges. The company has announced that it will price its IPO at between $26.50 and $31.50 a share, potentially raising as...
June 29, 2016
Report 392 – Burning Question
In our Cover Feature we look at the chaos surrounding both Cür and Guvera and what this tells us about the state of digital music in 2016. The market is tilted towards failure and even long-standing services, despite approaching...
June 22, 2016
Deezer files for IPO after €142m of revenues in 2014
Music streaming service Deezer is going public, with plans for an IPO by the end of this year via the Paris stock exchange. According to the Financial Times, Deezer's filing comes after the company generated €142m of...
September 22, 2015
Outgoing Twitter CEO: going public caused ‘short-term thinking’
Dick Costolo is on his way out as Twitter CEO, and in one of his final interviews he admitted that going public was a barrier to the company’s “long-term vision”. “You always want to keep focused on the long-term...
July 1, 2015