Streaming music service Spotify Technology's initial public offering included a warning that should send a shiver down the spine of any investor who remembers the dot-com boom, MarketWatchreports.

Spotify filed with the Securities and Exchange Commission for a rare direct listing Wednesday, offering more than 200 pages of information on the music-streaming service. In the paperwork, the company says it “identified a material weakness in our internal control over financial reporting relating to inadequate financial statement preparation and review procedures” for the past three calendar years.