IPO

More evidence Spotify is preparing for an IPO

There is increasing evidence that Spotify is readying themselves for an IPO. A new report notes the streaming music service is lining up financial backing, which is usually a precursor to going public. Banks will underwrite a company’s IPO, and Spotify is said to be in discussions with several major financial houses.

Box reportedly files for IPO

Box, the cloud storage provider, has filed IPO papers, sources claim. If true, this places them ahead of Dropbox as a publicly traded company. Both are expected to go public at some point in time. Should Box actually be first, it gives them a crucial pillar to success in the competitive cloud storage space.