Marco della Cava

USA TODAY

SAN FRANCISCO — Evan Spiegel, the 26-year-old cofounder of Snapchat, is poised to make $3.7 billion or more when the popular social networking app's parent company Snap goes public.

That staggering number comes courtesy of Snap's S-1 filing with the Securities and Exchange Commission this week in preparation for an imminent IPO.

In the S-1, Spiegel and cofounder Robert Murphy are listed as having around 225 million shares of Snap in three classes. Multiply that times the fair value of the company's common stock as of December 31, 2016 — $16.33 — and you get a number that approaches $4 billion.

Your complete guide to the Snap IPO

In fact, Spiegel may break through that mark. The filing revealed that he is set to receive shares equal to 3% of the company’s outstanding stock, which could translate to an added $600 million or more depending on the company's eventual share price.

Two major investors also stand to reap a windfall with the IPO. Venture capital firms Benchmark Capital Partners and Lightspeed Venture Partners, which have 131 million and 86 million shares respectively, will make $2.1 billion and $1.4 billion.

Snap is looking to raise $3 billion in the IPO, according to the SEC filing. Reports have placed the possible value of the company at $25 billion, but that question will be answered with the public offering.

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