Snapchat founders to sell ₹1,700 crore of stock each in IPO 
Snapchat is offering 200 million shares for subscription in its IPO, amongst which 145 million belong to the company and the remaining shares will be given by the Co-founders and the investors. Snapchat Co-founders Evan Spiegel and Bobby Murphy are expected to get over  ₹1,700 crore each from the sale of their 16 million Class A shares. 