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PR Newswire
02-03-2017, 01:11 PM
Snapchat’s IPO is ready for takeoff, and there’s enough fuel for it to soar or burst into flames
It’s showtime for Snapchat.
After five years of enchanting its teenage users, the mobile app-maker will put on a show for the Wall Street crowd on Thursday when it begins trading as a public company.
Will parent company Snap’s stock have a big first-day pop, in the style of other big internet IPOs?
Or will it take a nosedive, emulating Facebook’s surprise fizzle a few years ago?
At its offering price of $17 a share, Snap is coming out with a valuation of $24 billion. That’s a rich valuation for a company that lost half a billion dollars last year and which has only been generating significant revenue for one year.
Read more at http://www.businessinsider.co.id/snapcha...EoTEZ3x.99
It’s showtime for Snapchat.
After five years of enchanting its teenage users, the mobile app-maker will put on a show for the Wall Street crowd on Thursday when it begins trading as a public company.
Will parent company Snap’s stock have a big first-day pop, in the style of other big internet IPOs?
Or will it take a nosedive, emulating Facebook’s surprise fizzle a few years ago?
At its offering price of $17 a share, Snap is coming out with a valuation of $24 billion. That’s a rich valuation for a company that lost half a billion dollars last year and which has only been generating significant revenue for one year.
Read more at http://www.businessinsider.co.id/snapcha...EoTEZ3x.99
Specuvestor: Asset - Business - Structure.