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February 16, 2017 03:50 pm GMT
Snap, the parent company of Snapchat, has set avaluation rangeof $16.2 billion to $18.5 billion for its upcoming IPO. That’s according to an updated filing which revealed that Snap shares will be priced between $14-$16, meaning it could bring up to $3.2 billion in capital. Snap’s pricing is below its initial range of $20 billion-$25 billion — and below what it raised at… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HRdofJ-8Tns/
Snap poised to raise up to $3.2B from IPO at a valuation of $18.5B
Snap, the parent company of Snapchat, has set avaluation rangeof $16.2 billion to $18.5 billion for its upcoming IPO. That’s according to an updated filing which revealed that Snap shares will be priced between $14-$16, meaning it could bring up to $3.2 billion in capital. Snap’s pricing is below its initial range of $20 billion-$25 billion — and below what it raised at… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/HRdofJ-8Tns/
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