Spotify Nearing $8bn Valuation

Spotify, a music streaming service, is reportedly close to raising $400m at a valuation of $8.4bn. This valuation is more than double its publicly-traded competitor Pandora ($3.55bn). Investors in the Spotify round include Goldman Sachs and Abu Dhabi.

Spotify is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 104 companies organized by investment theme.