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Spotify investor looking for IPO 'in a few years'

Tom Pakinkis
Spotify

Spotify’s biggest shareholder, after its founders, has said that it would like to see the streaming music company on the stock market in the next few years. 

Speaking to Reuters, general partner for Nordic tech investor Northzone and Spotify board member Par-Jorgen Parson said, “We, meaning Northzone, would assume that the most logical way of building for the long term would be to IPO the company in a few years time or so.”

He added, however, that it was ultimately up to Spotify’s founders to decide how best to build the company for the long haul.

Northzone’s investment portfolio contains more than 60 companies including LastMinute.com and mobile payment company iZettle.

“It's been widely published that Spotify represents the second-largest revenue source on a global scale for the recording industry ... I would envision them to become the biggest already in a couple of years," Parson added.

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Tags: streaming, spotify, Digital, Tech

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