By Byron Kaye MELBOURNE (Reuters) – Australian music streamer Guvera Ltd, which competes with Apple Inc, Spotify Ltd and Pandora Media Inc, said it plans to raise up to A$80 million ($58.05 million) in a listing to bankroll an ambitious expansion in developing markets. In a listing prospectus lodged on Wednesday, the company with operations from India to Russia said it aims to sell 80 million shares for A$1 each to fund growth in emerging markets.

Source: Yahoo Music
Link: Australian streaming music player Guvera plans million IPO