Snapchat’s IPO Will Test Actual Worth of Unicorn CEOs

Bloomberg: Snap co-founders Evan Spiegel and Bobby Murphy are about to find out how much their unicorn billions are worth in the real world. The business behind image-sharing service Snapchat has confidentially filed for an initial public offering at a target valuation of $20 billion to $25 billion. But if investors don’t bite, about $31 billion of unicorn wealth held by eight co-founders of Snap, Airbnb, Spotify and Uber could crater.