In a move highly anticipated by the music industry for some time, Spotify has filed to go public on the New York Stock Exchange, Bloomberg and Axios report. According to the reports, the streaming giant filed with the SEC at the end of December and aims to make shares available to the public in the first quarter of 2018. Spotify is currently valued at approximately $15 billion, according to Bloomberg. As Pitchfork’s Marc Hogan wrote last month, Spotify’s public offering “would change the benchmarks for success at a company that has become almost synonymous with streaming music. Given Spotify’s outsized importance to the present-day music industry, whether this move succeeds or fails could ultimately affect the music that gets made—and heard.”

Earlier this week, Wixen Music Publishing filed a massive copyright lawsuit against Spotify. Wixen is seeking at least $1.6 billion, alleging that the streaming company is using songs found in Wixen’s administrative catalog without the necessary licenses or compensation.

Read Pitchfork’s features “Uncovering How Streaming Is Changing the Sound of Pop” and “Playlists! Lawsuits! Fake Songs! The Biggest Streaming-Music Trends of 2017.”