Snapchat CEO, Evan Spiegel, Is Worth 5.7 Billion After IPO

Snap Inc. began trading at $24 a share, 40% higher than the $17 the company priced their shares at on Wednesday. Snap Inc. is now estimated at $33 billion, three times bigger than Twitter. CEO, Evan Spiegel personally made $272 million when he sold 16 million of his shares. He also holds 210 million shares,  making the 26-year-old worth 5.7 billion.

This was the largest tech IPO since Alibaba started trading in 2014.

Via DailyMail

More from Tanner Kloven

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From AMP 1037 App
Smooth Jazz 103.7 HD2 The Oasis

Listen Live