Spotify receives $200 million credit from lenders...is an IPO forthcoming?

Spotify still hasn't made anything official about whether it plans to go public anytime soon, but further proof has emerged to suggest the music streaming site is either planning an IPO, or building a stealth fighter jet. The company received a $200 million line of credit from Morgan Stanley, Credit Suisse, Deutsche Bank and Goldman Sachs, which generally indicates the approach of an initial public offering.

Music Times reported last month that the company had posted a curious job advertisement on its site and LinkedIn, looking for "External Reporting Specialist" to "prepare the company for SEC filing standards. Set up all reports necessary to be SEC compliant."

Spotify has yet to comment on either piece of news. The company's recent purchase of music analytics company Echo Nest (for $100 million, reportedly) was cited as another draw for potential investors. According to the Financial Times, Spotify is worth around $4 billion.

Still, Investors would need to show some backbone and patience to bet on Spotify. The company has yet to post a profit, due to the high amount it pays for music licensing costs. It's certainly showing growth however. Financial Times reported that Spotify brought in $600 million in revenues for 2012, doubling its numbers from 2011. Although the company brought in more revenue, it also posted a bigger loss than it had the year before, but that can be attributed to purchases such as Echo Nest.

However, Spotify's biggest rival has shown success after initially going public with posting a profit. Pandora Radio offered its IPO during 2011, and has seen its value increase 146 percent since then.

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