Snap , the parent company behind parent company Snapchat , is worth $ 38bn after its shares rose to more than $ 27 on Friday , its second day of trading on the New York Stock Exchange . The valuation puts Snap ahead of Twitter , eBay and Delta , and means co - founder Evan ##bull , 26 , has seen his personal fortune increase by $ 6bn . In addition , NBCUniversal has invested $ 500 m in Los Angeles - based Snap and has pledged to hang on to the shares for at least a year . Co ##nap founder Bobby Murphy , 27 , is estimated to be worth $ 5bn after the float .
Snap, the parent company behind tech company Snapchat, is worth $38bn after its shares soared to more than $27 on Friday, its second day of trading on the New York Stock Exchange. The valuation puts Snap ahead of Twitter, eBay and Delta, and means co-founder Evan Spiegel, 26, has seen his personal fortune increase by $6bn. In addition, NBCUniversal has invested $500m in Los Angeles-based Snap and has agreed to hang on to the shares for at least a year. Co-founder Bobby Murphy, 27, is estimated to be worth $5bn after the float.