March 3, 2017 / 6:11 PM / 7 months ago

Data Dive: A snappy windfall

Snap Inc’s founders pocketed a cool $272 million each from the shares they sold in the company’s initial public offering. But that’s just a fraction of the their stakes in the company.

Snap Inc, owner of the Snapchat messaging app aimed at teens, priced its IPO at $17 a share, above the expected range of $14-$16. When trading closed Thursday, the shares were worth $24.48, a 44 percent jump.

That means that the value of what Evan Spiegel and Bobby Murphy still hold totals $5.2 billion each.

Between them, that’s about equivalent to the gross domestic product of Chad.

They could buy the four most expensive baseball teams: Yankees, Dodgers, Red Sox and Giants.

Or, if they didn’t want to be tied down, they could each buy about 65,400 Tesla S 75D's to travel the open road.

Infographic ID: '2m0XbPK'
 
Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below