Bangladeshi American Imran Khan, to Make $145 Million With Snap Inc. IPO 


Recently Snap Inc., the parent company of the popular app Snapchat, announced that it is set to go public. The public offering is set to make a windfall for its management team members, one of them is Imran Khan, a research analyst turned investment banker turned chief strategist, post public his shares will be worth $145 million.

According to various news reports Khan is said to have a huge network in professional circles and is said to be responsible for the company’s move from Snapchat to Snap Inc. as well as getting a $200 million investment from Alibaba.

Apart from handling the Snap Inc. IPO, Khan’s role as the Chief Strategy Officer is growing revenue, business expansion, as well as managing ad sales. He is said to have been crucial to Snap Inc.’s fortunes, helping the company grow revenue from $58.7 million (roughly Rs. 40 crores) in 2015 to $404.5 million the following year. Khan is being awarded graciously for his work too, raking in $5 million in bonus in 2016, on top of his $241,539 salary.

Born and raised in Bangladesh, Khan moved to the US to study business management from University of Denver’s Daniels College of Business in 2000. He started his career in the US at a small Denver-based satellite broadband startup called WildBlue, according to Business Insider, but soon moved to ING Barings in New York. After ING was sold to ABN Amro, he switched to Fulcrum in 2001, where he did sell-side research on technology companies.

From Fulcrum, Khan in 2004 made the move to JPMorgan, where he rose through the ranks to become the head of global Internet and US entertainment equity research. He was also one of the youngest JPMorgan Managing Directors at the age of 29. In 2011, Khan switched jobs to lead Credit Suisse’s Internet banking franchise.

At Credit Suisse, Khan worked on some of the biggest tech IPOs, such as Go Daddy, Box, GroupOn, Weibo, and so on. However, none of these was as big as the Alibaba IPO, which Khan handled as well.

Be the first to comment

Leave a Reply

Your email address will not be published.