Around the Net
Snap Float Price Of $17 Values Company At $20bn
- The Times, Thursday, March 2, 2017 6:32 AM
The parent company of the popular messaging app Snapchat is to be valued at almost $20 billion after setting a price for its initial public offering at $17 a share. Snap, which will begin trading today on the New York Stock Exchange under the symbol "SNAP," has priced its long-awaited float above the $14 to $16 a share targeted by the company, in an indication of strong investor demand.
