Tech Brief: Spotify Has Secretly Filed for IPO

Stockholm-based music streaming behemoth Spotify filed for an Initial Public Offering with the United States' Securities and Exchange Commission late last month in private, Axios is reporting citing multiple sources. The company, which boasts of over 60 million paying subscribers, plans to list on the New York Stock Exchange in the first quarter of 2018, Bloomberg further adds.

Update on Feb. 28: Spotify has officially announced its plans to go public, adding the company will begin trading on the New York Stock Exchange under the ticker name SPOT.