Spotify's music service seeks to drum up $1 billion in IPO
SAN FRANCISCO (AP) " Music-streaming pioneer Spotify is hoping to attract a new crowd of fans on Wall Street to help fend off a growing competitive threat posed by Apple.Spotify will expand its financial arsenal with an initial public offering of stock aiming to raise $1 billion. That figure could change as Spotify's bankers assess investor demand for Spotify shares ahead of the IPO, a process likely to be completed early in the spring.The company's first steps toward its [...]
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