[bogomipz]

I'm aware of what an IPO provides.

>" I imagine Spotify can get decent debt financing terms b/c they have such a steady and predictable source of revenue (though not necessarily profit)."

Again if this true, why would they raise a billion dollars in convertible debt?

[Eridrus]

> Again if this true, why would they raise a billion dollars in convertible debt?

Because debt is often a better instrument?