There are 5 professionals named Martin Lorentzon, who use LinkedIn to exchange.
These would cover about 80% of all votes in Spotify. View the profiles of professionals named Martin Lorentzon on LinkedIn. Since the company’s IPO launch in April, Ek and Lorentzon’s holdings have decreased just half a percentage point.Īccording to Di Digital, both Ek and Lorentzon have the opportunity to extend their voting rights via special certificates.
He remains the company’s largest shareholder, followed by Tencent – which owns 10% – and Ek. Lorentzon now owns 11.8% of the company, down from 12.2%. Both still own a large percentage in Spotify.įollowing the sales, Ek’s total holding in the company has dropped from 8.8% to 8.3%. The company reportedly had a market valuation of $31.5 billion at close on Thursday. Despite the sizable sales, Ek and Lorentzon clearly don’t want to lose control of the company. This sale of shares will constitute a minimal part of his holding in the company.”Įk and Lorentzon refused to comment on the news. While it has yet to report a profit, the publicly-traded company is valued at about 46 billion. “ Daniel will sell a small share of shares in the next nine months as part of his long-term financial strategy. Co-founders Martin Lorentzon and Daniel Ek Spotify Drew Angerer/Getty. Speaking with the Swedish publication, Sofie Grant, a Spotify representative, confirmed the sale. He also stated his intention to sell more shares for kr 288 million ($31.7 million). Lorentzon, meanwhile, sold 317,800 shares between July and September for kr 530 million ($58.3 million).
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