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
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". ®