Snap to Price IPO at $17/Share, Giving Company Nearly $24 Billion Valuation
Snap Inc., the parent company of the popular app Snapchat, will reportedly be pricing its IPO (initial public offering) at $17 per share, valuing the company at approximately $24 billion. With this IPO pricing, the company is putting around $4 billion in cash to its investors. This was an increase from the original $3 billion...