Daniel Ek, the CEO and co-founder of Spotify could to sell 15.8 million shares of the company worth as much a $2 billion in its direct listing, when the company goes public on April 3.
Ek's potential windfall was disclosed in a filing on Tuesday.
Spotify is valued at about $19 billion on the private markets. Recent private market prices for Spotfy stock have ranged from $48.93 to $131.88, which puts the 35 year old Ek's stake at between $775 million an $2 billion.
Read the full fling here.
from hypebot http://ift.tt/2prdNCu
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