You Can Go Ahead And Cancel Your Spotify IPO Party

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I'm sorry, kids. We're just going to have to throw away all of the decorations you made.

At the very least, you’re going to have to rebook the room for sometime next year, because unlike certain burger chains, Spotify doesn’t need the public markets to scrounge for nine figures.

The company has expressed a desire to raise about $500 million in financing, and investors have heard talk of valuations north of $7 billion, the people said….

Already among the most highly valued startups in the world, Spotify hasn’t yet settled on any timing for an IPO, but with this fundraising in hand it could choose to wait until next year to launch the deal, one of the people said.

Spotify Seeks to Raise About $500 Million [WSJ]

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