Wednesday, March 21, 2018

Spotify CEO Daniel Ek Could Net $2B In Stock Sale | hypebot

Daniel-EkDaniel 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.


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