Spotify to start trading shares publicly

Spotify’s co-founders Daniel Ek and Martin Lorentzon are poised to become billionaires as long as their company holds at $43 per share when they start trading on the New York Stock Exchange

Daniel Ek, 35: CEO and face of Spotify. Owns 46.8 million shares or 25% of company

Martin Lorentzon, 48: Director and former chairman owns 23.6 million shares, 13% of company

Price range for private shares in 2017: $37.50-$125.00

Price range in January and February 2018: $90.00-$132.50

Monthly average users (2017)
Total listeners
Paying subscribers

Spotify  159m       71m
Apple Music   36m
Amazon Music Unlimited  16m

Revenue  (€ millions) 
746  1,085    1,940   2,952    4,090
                 
$10.8bn    Global music streaming revenue in 2017
$8bn  Spotify’s royalty payments to record labels since 2006

2013  2014  2015 2016  2017

Net loss (€ millions)
-63
-188
-230
-539
-1,235


Sources: Spotify SEC F-1 filing, Digital Music News 
Pictures: Associated Press 
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