According to Music Business Worldwide:
Spotify’s most recent valuation weighed in at a whopping $13bn in the wake of its recent licensing deals with Universal and Merlin.
That’s according to a new report from Reuters, which says the business is pressing ahead with its plan to directly list shares on the New York Stock Exchange later this year or early in 2018.
Here’s how a $13bn Spotify valuation – which comes despite no new licensing deals yet being agreed with Sony and Warner – might affect Daniel Ek’s ultimate payday.
According to credible financial estimates from late last year, Ek owned around $825min shares in Spotify at a $8bn company valuation.
Hi co-founder Martin Lorenzton was thought to have owned a $1bn stake.
That works out at a 10.3% holding for Ek, and a 12.5% equivalent for Lorenzton.
So long as the pair have held onto their equity, those holdings would – at a $13bn company – be worth $1.34bn (Ek) and $1.63bn (Lorenzton).