The music-streaming service Spotify may file for an IPO in the fall, Quartz reported Thursday.

Citing informal conversations between the company and investment banks, Quartz said Spotify has taken many other steps in line with a public offering, although the firm declined to comment to the site.

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The preparatory moves include acquiring its algorithm provider and obtaining a $200 million credit line from major lenders such as Morgan Stanley and Goldman Sachs, Quartz reported.