Here's who is going to get rich from the Snap IPO
AP
The company is seeking to price its share sale at between $14 to $16 a share, although that could always go up (or down) before its anticipated IPO on March 2.
According to its S-1 filings, Snap's co-founders Evan Spiegel and Bobby Murphy own the most shares.
Benchmark could also see some nice returns, as one of the company's top shareholders.
Here's the list of Snap's major shareholders at its IPO and what the value of their stake would be at $16 a share.
Note: This 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.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- From terrace to table: 8 Edible plants you can grow in your home
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley