Snap values itself at nearly $24B with its IPO pricing

snap spectacles Snap has given a final price for its IPO, setting the company’s valuation at nearly $24 billion with a price of $17 per share, according to a report by the Wall Street Journal. With that, it looks like Wall Street had plenty of an appetite for Snap despite multiple major concerns about the company’s business. Slowing user growth, rising burn and a dependence on Google and Amazon… Read More

from Social – TechCrunch https://techcrunch.com/2017/03/01/snap-values-itself-at-nearly-24b-with-its-ipo-pricing/?ncid=rss
via Superb Summers

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