Snap Inc Will Debut at $17
PRICE SLAPS A $23.7 BILLION MARKET CAP ON SNAP INC WHICH CALLS ITSELF A CAMERA COMPANY
The tech world is buzzing right now and its not about some new app. Its about Snap Inc's big day tomorrow when it goes public selling some 200 million shares at $17 a pop. This pricing will put the company's value at $23.7 billion and will raise $3.4 billion. This is the biggest IPO in the U.S since Alibaba back in 2014.
It looks like Wall Street had plenty of appetite for Snap despite multiple major concerns about the company’s business. Slowing user growth, rising burn and a dependence on Google and Amazon for its services appear to be not enough of an issue to quell demand for the first tech IPO of the year — and one of the largest in recent memory. Snap will be raising nearly $3.4 billion in its IPO.more»
Snap Inc Will Debut at $17 Reviewed by Editor on Wednesday, March 01, 2017 Rating: