The $637 million (or $750 million depending on when/how you look at it) was definitely handed out specifically as a bonus for taking the company public: https:

The $637 million (or $750 million depending on when/how you look at it) was definitely handed out specifically as a bonus for taking the company public: https://www.recode.net/2017/2/2/14465646/evan-spiegel-snap-ipo-bonus-750-million https://www.recode.net/2017/2/2/14465646/evan-spiegel-snap-i...