Snap Inc. IPO Announcement

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Snap Inc. Plans to Run IPO Offering

According to Fortune.com and other major financial and business media companies, Snap Inc. is going to introduce itself to a NYSE stock market. This event is considered as very important and one of the largest since Alibaba has joined the IPO in 2020.

For those that still don’t know, Snap Inc. is America’s social media company that is mostly popular because of the famous Snapchat app. The company has also one more brand that develops wearable camera smart glasses – “Spectacles” which enables users to connect with their Snapchat account.

On the 29th of January, the company has announced they plan a trial run for IPO anticipation.

Snap Inc. Valuation of up to $25 Billion

The IPO means that a company enters the first initial public offering and offers its shares or stocks to the public. After more than one year of aggressive courting, the NYSE won the Snap listing over the Nasdaq. It is not wondering why they had fought for this company since its estimated value has been calculated to be between $20 and $25 billion.

It is a little bit crazy to see the shares of a company that is alive for only two years, but let’s face it – this is not the first company to be considered as controversial moves. The same thing happened with the Google that was valued with $24,6 B, Facebook with $104,3 B or Twitter with $11,5 B. we all know those three companies grew their valuation figures till today, so entering Snap Inc. is not a surprise at all. In Bloomberg picture, you can see our point.

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For those who are interested in engaging BetOnFinance Event games, Snap Inc. is the best choice to bet because the stock is going to be available from March 2. Event games allow bettors to bet on which range will the stock close on a certain day. In this case, BetOnFinance bettors will be able to bet on Snap Inc.
This is very interesting since as we have already mentioned, Snap Inc is the biggest IPO happening since Alibaba has entered the market. BetOnFinance clients will be able to join First-day game and participate the right valuation for this valuable social media company.

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Besides the fact that Snapchat is now the part of the global stock market network, this also means that traders will be able to place trades through their binary brokers.

Happy anniversary: Snap up $1 from its IPO price

SAN FRANCISCO (Reuters) – Snap Inc celebrated its first anniversary as a publicly traded company on Friday, but for investors it was not quite the lovefest envisioned when they bought shares in the hottest tech IPO in years.

Shares bought in the IPO have risen by a whopping dollar.

A year ago, investors rushed to buy Snap at the $17-a-share IPO price and then drove the price up by an eye-watering 44 percent in the stock’s first day of trading.

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The Venice, California-based company’s Snapchat social media app’s popularity with young people was viewed as a major threat to industry leader Facebook. Major investors included T. Rowe Price Group and Fidelity Investments.

But Snap’s pace of user expansion over the past year has failed to live up to many investors’ expectations. Its stock wobbled recently after an app redesign failed to impress many users, including Kylie Jenner, half-sister of Kim Kardashian, who stars in “Keeping up with the Kardashians.”

“This is a venture-stage company that happens to be publicly listed,” said Pivotal Research analyst Brian Wieser, who recommends selling Snap’s stock. “We still don’t know if it will ever be profitable on an ongoing basis.”

On Friday, Snap rose 4.6 percent, or 80 cents, to $18.01 after news site Chedar reported here the company is working on new camera-enabled glasses, up nearly 6 percent from the March 1, 2020, IPO. The S&P 500 has gained 12 percent during the same period.

(For a graphic on Snap since its IPO click reut.rs/2CUd5CD)

In its first two days of trading last year, Snap surged as high as $29, but by July it had slumped below the $17 IPO price, with investors worried about competition from Facebook’s Instagram app.

On Feb. 7. Snap’s shares opened above the $17 for the first time in nearly seven months.

Analysts have become less optimistic about Snap since the IPO. Currently, seven analysts recommend buying Snap, while 11 recommend selling, and 18 have neutral ratings, according to Thomson Reuters data.

Reporting by Noel Randewich; Editing by Leslie Adler

Snap Inc. IPO Announcement

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Expected IPO date is estimated by EDGAR® Online based on filing dates and are not official

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