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February 16, 2017 08:48 pm GMT
The short answer for why Snap lowballed its initial valuation for its initial public offeringis that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters figure out where to price the… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zdDAy3dNkf8/
Why Snap would lowball its IPO valuation
The short answer for why Snap lowballed its initial valuation for its initial public offeringis that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters figure out where to price the… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/zdDAy3dNkf8/
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