Feeds

IPO? Don't know what you're talking about, says Spotify as it seeks IPO report guru

Biz wants 'external reporting specialist' for thrilling role

Security for virtualized datacentres

Spotify has advertised for a new "external reporting specialist", fueling rumors that the online music streaming biz is getting ready for a stock-market debut.

In a job ad on its website, Spotify said it was looking for someone who could "prepare the company for international financial standards".

The new recruit should act as "a GAAP subject matter expert" for staff. GAAP, the acronym for general accepted accounting principles, is shorthand for the reporting guidelines used by companies in US and the UK to declare their income and so on. Any biz planning an initial public offering (IPO) needs to be sure they're ready to file financial disclosures needed by regulators and investors in the market of its choice.

In other words, the external reporting specialist could be expected to file documents about Spotify's financial performance to the US Securities and Exchange Commission and other watchdogs, as required for an IPO.

In November, Spotify held its most recent funding round, raising another $250m from investors. The funding round valued that company at a sizable $4bn.

Spotify refused to comment on the possibility of an IPO, saying only:

As Spotify grows and becomes a more mature company we are looking for people who can help us keep our financial reporting in order and up to global standards.

There are plenty of other jobs on Spotify's site – from machine-learning engineers to, er, "call center team coach". ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.