A big first step for the streaming giant.

Spotify is not a publicly traded company, but a recent hire has provided one of the strongest hints that that may change.

As Fader points out, Paul Vogel was recently brought on as Head of Investor Relations, a first for the company and a sign that there could be a time in the near future when anyone can buy stock in the company.

Described as a “Wall Street veteran” by Recode, Vogel previously worked at Barclays running an “internet and media research group”. Spotify currently has 30 million paying subscribers, more than any streaming service, and rumors about going public have been growing since last year.

Last year, the company increased their revenue even while posting major losses. They’ve said they expect their revenue to keep increasing, however, as they expand to international markets and employ a long-term strategy involving large outside investors.

More on this story as it develops.

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