March 3, 2017 / 6:11 PM / a year 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.

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