Spotify IPO factbox

March 1, 2018 - 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.

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The price range for Spotify’s private shares in 2017 ranged from $37.50-$125.00, while the price range this year has been between $90.00-$132.50.

Other potential winners from the Spotify IPO include Sony Music Entertainment International which owns 10.2 million shares. The royalties it made was the source of a legal dispute with 19 artists alleging they weren't getting their fair share of money Spotify was paying Sony. Sony settled that suit in January.

Investor Technology Crossover Management (TCV) owns 9.6 million shares, overseen by TCV partner and Spotify board member Christopher “Woody” Marshall.

Investor Tiger Global owns 12.2 million shares. Tiger is one of the world’s most significant hedge funds, founded by Chase Coleman.

Chinese Internet giant Tencent owns about 13.4 million shares. Tencent CEO, Pony Ma’s fortune exceeds $50 billion, according to Forbes Real-Time Rich List estimates.