Snapchat co-founders Evan Spiegel and Bobby Murphy to rake in billions from IPO

Snapchat co-founders Evan Spiegel and Bobby Murphy are looking forward to a huge payday ahead of messaging service Snap’s looming IPO, with the pair set to cash in on a valuation for their company set at between $18bn and $22bn.
Reports in Recode suggest that Snap is all set to list on the New York Stock Exchange on 2 March ushering in a cash windfall for shareholders of between $14 and $16 per share.
The biggest beneficiary is expected to be Spiegel who is tipped to net $4.22bn (including