Finance

Snap CEO Evan Spiegel is set to make $4.5 billion — here’s who else will get rich from the Snap IPO

Evan Spiegel and Bobby MurphySnap cofounders Evan Spiegel, left, and Bobby Murphy.AP

Snap‘s hotly anticipated IPO is going to make a lot of money for its founders, investors, and early employees.

The company just priced its IPO at $17 a share, awarding the company a $24 billion valuation.

According to its S-1 filings, Snap’s cofounders, Evan Spiegel and Bobby Murphy, own the most shares.

Venture shareholder Benchmark will also see some healthy returns, with its early investment a few years ago now worth a whopping $2.24 billion.

Here’s a list of Snap’s major shareholders at its IPO, and what the value of their stake would be at $17 a share.

Note that this list doesn’t include shares that haven’t vested by the time it goes public (including a $145 million stock bonus for Imran Khan), but does include Spiegel’s bonus that he’ll receive immediately upon IPO.

View As: One PageSlides

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

To Top