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# Co-founder Sells $40 Million In Spotify Stock
- URL: https://www.hypebot.com/co-founder-sells-40-million-in-spotify-stock/
- Published: 2018-08-22T09:50:00.000Z
- Updated: 2018-08-22T09:50:00.000Z
- Description: Spotify co-founder Martin Lorentzon sold company stock worth $40 million USD in July, according to SEC documents. The stock was trading 37% higher than the Spotify IPO reference of $132.
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, music, music industry, musician, musicians, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify New $](http://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3aae2eb200b-150wi "Spotify New $")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3aae2eb200b-popup?ref=hypebot.com)Spotify co-founder Martin Lorentzon sold company stock worth $40 million USD in July, according to SEC documents. The stock was trading 37% higher than the Spotify IPO reference of $132.Lorentson is still the music streamer's largest shareholder, with a stake as worth as much $4 billion, according to Swedish tech site [Di Digital](https://digital.di.se/artikel/martin-lorentzon-saljer-aktier-i-spotify?ref=hypebot.com). In July, Spotify CEO and co-founder Daniel Ek sold stock worth $9 million.Spotify has become a firm buy and favorite of several top stock analysts in recent weeks.