Ron Burgundy Posted February 16, 2017 Share Posted February 16, 2017 (Reuters) - Snap Inc, the owner of the popular messaging app Snapchat, has set a valuation range for itself of $19.5 billion to $22.2 billion in its initial public offering, the Wall Street Journal reported, citing sources. The valuation range, which represents $14 to $16 per share, is close to the lower end of the expected range of $20 billion to $25 billion, the Journal reported. Snap Inc filed its IPO registration statement in early February and was expected to record the biggest valuation in a U.S. technology IPO since Facebook Inc. The company had confidentially registered with the U.S. Securities and Exchange Commission late last year for an IPO. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.