Mubasher: The CEO of Spotify Technology, Daniel Ek, is set to sell 15.8 million shares of the company, as announced by the music streaming company on Tuesday.

The deal could be worth up to $2 billion in its direct listing, as reported by Reuters.

Spotify expects current shareholders to sell up to 55.7 million ordinary shares when the stock begins trading on the New York Stock Exchange (NYSE) on 3 April.

Spotify is valued at around $19 billion on the private markets.