Snapchat CEO gets ₹5,340 crore bonus for company's IPO
Snapchat's 26-year-old Co-founder and CEO Evan Spiegel has received a ₹5,340 crore bonus for taking the company public earlier this month. In 2015, Snapchat investors reached an agreement with Spiegel that if he took the company public, he would get 3% outstanding shares as bonus. Spiegel has received a stock award of over 3.7 crore shares valued at ₹5,340 crore.