2017 was being widely touted as the year of tech IPOs. Along with Snap’s impending initial public offering, various other tech companies including Airbnb and Spotify were also said to be considering going public. However, as per the latest news coming in from various sources, Spotify may delay its IPO until next year so as to build a better balance sheet to show to potential investors.
An IPO is a huge milestone for any company. It marks a turning point in any organization’s life cycle and also gives it access to a new source of funds, funds that are received directly from the public. However, a company that has gone public is also vastly more accountable than a private firm. According to the TechCrunch, Spotify is now considering delaying its IPO to 2018 so as to better prepare itself before reaching that landmark.
The company, which has over 100 million users, could introduce changes to its licensing relationship…