Snapchat IPO makes its founders worth $5.3 billion each
The net worth of Co-founders of photo chat app startup Snapchat, Evan Spiegel and Bobby Murphy, soared to $5 billion each as it went for an IPO on Thursday. Snapchat's parent company Snap raised $3.4 billion on its first day of IPO after selling 20 crore shares for $17 each. Snapchat was founded five years ago in September 2011.