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.