Who Is Getting Rich (or richer) From The Snap IPO

Snap's hotly-anticipated IPO is going to make a lot of money for its founders, investors and early employees. 

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. 

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Evan Spiegel, Snap cofounder and CEO: $4.2 billion

Projected value at $16 a share: $4.2 billion (which includes the extra 3% of stock he'll get when it goes public.)

Class A shares: 113,164,485
Class B shares: 5,862,410
Class C shares: 107,943,924 + 37,232,102 granted as a bonus for going public

Evan Spiegel launched Snapchat with Bobby Murphy in September 2011. Described as a product visionary to rival Steve Jobs, Spiegel holds the title of CEO at the company and has set up its share structure so he and Murphy will retain control in the future too.

Bobby Murphy, Snap cofounder and CTO

Projected value at $16 a share: $3.63 billion

Class A shares: 113,164,485
Class B shares: 5,862,410
Class C shares: 107,943,924

Murphy and Spiegel were frat brothers at Stanford when they cofounded the app and have grown it to a company much larger than just disappearing messages. While Spiegel is described as a product genius, it is Murphy who is leading a lot of Snap's cutting edge work in its Snap Labs division.


Projected value at $16 a share: $2.11 billion

Class A shares: 65,799,720
Class B shares: 65,799,720

Benchmark is the largest venture shareholder in Snapchat, thanks to the round it lead in 2013. "We believe that Snapchat can become one of the most important mobile companies in the world," Benchmark's Mitch Lasky wrote in a blog post at the time of the deal.

Lightspeed Venture Partners


Jeremy Liew is a partner at Lightspeed Venture Partners who found hot startups like Snapchat and Whisper before everyone else.Lightspeed

Projected value at $16 a share: $1.38 billion

Class A shares: 43,314,760
Class B shares: 43,314,760

Lightstpeed's Barry Eggers first heard about Snapchat from his daughter. Jeremy Liew sent Spiegel a message on Facebook about meeting up, right at the time when the company was about to run out out of money to pay the server bills. Liew flew to LA and wrote Snapchat its very first check.

Timothy Sehn

Projected value at $16 a share: $108 million

Class A shares: 3,373,332
Class B shares: 3,373,332

Since joining in 2013, Timothy Sehn grew Snapchat's software engineering team by more than 10x. Before joining Snapchat as its VP of Engineering, Sehn spent over a decade at Amazon, where he started as a software developer intern and left as an engineering director.

Michael Lynton

Projected value at $16 a share: $48.3 million

Class A shares: 1,509,820
Class B shares: 1,509,820

Former Sony Entertainment CEO Michael Lynton stepped down from his position to focus on another role as Chairman of Snap Inc. Lynton has been a trusted adviser to Snap's Evan Spiegel and on the board of Snapchat's parent company since 2013.

Imran Khan

Imran Khan, Chief Strategy Office of Snapchat, speaks the Financo CEO Forum 2016 on January 18, 2016 in New York City.Dave Kotinsky/Getty Images

Projected value at $16 a share: $45.4 million

Class A shares: 1,418,868
Class B shares: 1,418,868

Imran Khan jumped from the banking world to the tech world in January 2015 when he joined Snap as its Chief Strategy Officer. His connections have already helped Snap get a $200 million investment from Alibaba — he was the lead banker for the Chinese retail company's IPO — and Snap raised an additional $1.8 billion in May 2016. One of Spiegel's direct reports, Khan's main job at Snap is to lead its strategy and help chart its path to IPO.