IPO Snapchat – Top news
IPO of the service may become one of the largest among technology companies in recent years. Snapchat will list only non-voting shares for IPO for the first time in the history of the American exchange. Snapchat is a messenger, which works on iOS and Android. Its key function is to self-destruct sent messages.. Snap Inc, owner of Snapchat messenger, will try to attract during the initial public offering $3 billion. According to The Financial Times, if the plans of the service owners come true, It will mean, that the company is valued at $25 billion, and the block of shares, owned by Evan Spiegel, 26-summer co-founder and CEO, is worth $ 5,5 billion. Also, in the event of a successful IPO, he will be paid a bonus in $750 million. Bobby Murphy, 28, has a similar stake in Snapchat., co-founder and chief technology officer.