Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Friday February 17 2017, @05:02AM   Printer-friendly
from the we're-next,-right? dept.

Snap Inc., the maker of the Snapchat messaging app, has valued itself at between $19.5 to $22.3 billion. If that seems outrageous, note that it's actually less than previously expected:

The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion. However it said on Thursday it was targeting a valuation between $19.5 billion and $22.3 billion, ahead of an investor roadshow due to start on Monday in London.

The lower valuation range reflected initial investor feedback, as well as Snap's aim to ensure there is sufficient demand for shares of the company that it trades up on its first day in public market.

Investors have been poring over the filing for Snap's upcoming IPO to assess whether the still-unprofitable company will be the next Facebook Inc, which has figured out how to make money from its social media platform, or if it will be more like Twitter Inc, which is struggling to achieve the same goal.

You want to be a Facebook, not a Twitter.

S-1/A for Snap Inc.

Previously: Goodbye Snapchat, Hello Snap Inc
The Company Formerly Known as Snapchat may be Worth $25 Billion
Lawsuit Against Snapchat Dismissed


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Friday February 17 2017, @10:15PM

    by Anonymous Coward on Friday February 17 2017, @10:15PM (#468371)

    4. terrorists use it

    5. dictator regimes use it