Snap IPO to Test Unicorn Founder Fortunes of $31 Billion: Chart

Why Snapchat Is Going Public Now

Eight founders of the world’s leading unicorn startups are sitting on personal fortunes of $31 billion, according to the Bloomberg Billionaires Index. The true value of those fortunes in the public market will be tested if Snapchat parent Snap Inc. completes the initial public offering it has filed confidentially for this month. Snap’s IPO is expected in March and the startup is seeking a target valuation of $20 billion to $25 billion, as much as a 40 percent premium to its value on the private market.