Snap IPO Discussion | CommonLounge

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Snap IPO Discussion

Snap raised $3.4 billion in its IPO, in the biggest social-media IPO since Twitter.
Snap sold 200 million shares in its IPO at $17 each, above the $14 to $16 marketed range.
Shares opened at $24 apiece, above IPO price of $17.
Its market valuation at the IPO price, of about $20 billion, implies a revenue multiple of about 21 (twice that of Facebook)

Category: Startups