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A comment on Snap Jumps in Debut After App Maker Raises $3.4B in IPO. Parent comment

Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by jonknee on Thursday March 02, 2017 @11:58AM (#13775711)
That's because they are keeping most of their shares:

http://www.cnbc.com/2017/03/02/snap-ipo-what-evan-spiegel-bo...

> According to Snap's latest S-1 filing with the SEC from Feb. 27, Spiegel and Murphy plan to sell 16 million shares each on Thursday. The company opened at $24, after it priced its public offering at $17 a share. It's just a small fraction of the number of shares the co-founders own in Snap Inc. Both men will still have 97,164,485 after Thursday's sale.

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Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by jedberg on Thursday March 02, 2017 @12:27PM (#13776032)
Oh I read the same article but I read it wrong. I thought they meant that would be the total value of the shares they hold after the IPO, not just what they are selling today. My bad.
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