Snap eyes valuation of $19.5B to $22.2B in its upcoming IPO
February 16, 2017
With its roadshow kicking off soon, Snap has set a target valuation of between $19.5 billion and $22.2 billion in relation to its upcoming IPO, according to multiple reports. That equates to a planned range of $14 to $16 per share.
Many outlets had reported the social media darling was pursuing a valuation of around $20 billion to $25 billion in its public offering, which is set to take place on the NYSE under the symbol SNAP. At the current pace, Snap is tracking to price its IPO in March.