Evan Spiegel is already a very rich man. But by the end of the day today, he’ll be a an even richer man.
Snap, Inc. — the company behind Snapchat — started trading Thursday morning in its initial public offering at the New York Stock Exchange. Going public means that $SNAP can start publicly trading as a stock, meaning you can go buy some right now. Before, the company was privately held, meaning there was no public market to buy and sell Snap shares.
Spiegel’s stake in the company he co-founded is already valued in the billions, and could be worth even more if Snap shares see a lot of interest in their first day of trading. …
Via: Mashable: Business