STOCKHOLM Aug 8 Online music streaming service
Spotify has re-advertised a job for a regulatory filings expert
this week, half a year after the position was originally posted
in February when it sparked speculation the firm could be
preparing to go public.
The advertisement for an external reporting specialist in
February was seen as part of preparations for a U.S. listing by
the Swedish company, probably next year. ID:nL6N0LM2E5]
"This is the same role that was advertised back in
February," Marni Greenberg, Spotify's director of communications
told Reuters in an email. She declined to say why the position
was being re-advertised or to give any further comment.
The August job ad said the company was looking for an
"External Reporting Specialist", preparing it for international
Both this and the previous ad said part of the job was
participating in the company's Sarbanes-Oxley compliance. The
Sarbanes-Oxley Act is the 2002 Wall Street reform law that sets
standards for all U.S. publicly traded company boards,
management and public accounting firms.
The company's global paid subscriber base had surpassed 10
million, it said in May. It is also offering a free music
service and competition has become fiercer as tech giants Apple
, Google and Amazon.com have all
entered the music streaming business.
Spotify's competitor Pandora's shares, which almost
tripled in 2013 and peaked at close to $40 in March this year,
have since fallen back to $25 in a tough race to lead the music
The latest corporate filings, for 2012 in Luxembourg, where
Spotify is registered, show the Swedish company more than
doubled revenue that year to 435 million euros ($583 million),
but had a net loss of 58.7 million euros.
(1 US dollar = 0.7463 euro)
(Reporting by Daniel Dickson and Mia Shanley; Editing by Mark