[ad_1]
Spotify was listed on the stock exchange in April 2018 in New York and since then the company has significantly increased in value. Last week, the market capitalization was SEK 440 billion, which is double from listing.
This despite the fact that the company in mid-summer shocked the stock market really negatively when the quarterly report was released. Spotify had previously marked an operating profit of between minus 95 and minus 45 million euros. But the loss turned out to be up to 167 million euros.
But in the report, Daniel Ek already pointed out at the beginning of his CEO’s statement that the business has developed really well and the reason for the loss of profits was that the costs of the company’s options program soared as a result of the increase. of actions.
The population recovered shortly after an initial small drop.
The founders sell
It is now clear that the two founders of the company quietly sold stock for billions. This summer, Martin Lorentzon sold shares for 2.3 billion SEK and Daniel Ek sold for more than 1 billion SEK, reports Swedish radio.
Therefore, the founders have sold shares for a total of SEK 9 billion since the company went public. It is unclear where the gains will be taxed.
We tell the story of how Spotify went from the Stockholm suburb of Rågsved to Wall Street in relation to the company listed on the stock exchange – read all about it here.
[ad_2]
