Daniel Ek
(Magnus Hoij / CC BY 2.0)

Stock Sales May Earn Spotify’s Daniel Ek A Smooth $2bn

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NEW YORK (Hypebot) – Daniel Ek, the CEO, and co-founder of  Spotify could 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 Spotify stock have ranged from $48.93 to $131.88,  which puts the 35-year-old Ek’s stake at between $775 million and $2 billion.

Read the full filing here.

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