SI
SI
discoversearch

Technology Stocks
Snap, Inc.
An SI Board Since March 2017
Posts SubjectMarks Bans Symbol
32 17 0 SNAP
Emcee:  zax Type:  Moderated
Snap Inc. is an American multinational technology and social media company, founded on September 16, 2011 by Evan Spiegel and Bobby Murphy and based in Venice, Los Angeles. Its products include Snapchat and Spectacles, as well as the Bitmoji app. The company was originally named Snapchat Inc. upon its inception, but it was rebranded on September 24, 2016 as Snap Inc. in order to include the Spectacles product under a single company.

Snap Inc. shares opened up 41% this morning, as the Snapchat parent company made its highly anticipated debut on the New York Stock Exchange.

Shares of Snap (SNAP) opened at $24, above the company’s $17 issue price. Snap sold 200 million shares to raise $3.4 billion, making it the largest U.S. IPO since Alibaba Group Holding Ltd.’s (BABA) offering in 2014. The IPO price commanded an initial market capitalization of $19.7 billion, though that valuation rises to roughly $24 billion on a fully diluted basis. Both figures are above Snap’s last reported private market valuation of $17.8 billion.

Snap said it generated $404 million in sales in 2016. A valuation of $24 billion is about 60 times revenue.
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
32on the Russell rebalance following the close June 23: Tech to see bump in growSr K-June 17
31Snap Is Year's Most-Shorted Tech IPO Before Lockup Ends by Alex Barinka anGlenn Petersen1June 9
30Why Snapchat Marketing Stinks Big TimeIntelim-May 30
29With Snapchat’s new 5-minute shows, it’s starting to look a lot like a TV networIntelim-May 27
28This was a matter of time. Snap can might become Twitter than Twitter itself didIntelim-May 13
27Snap shares are getting hammered in AH trading. Snap stock is tanking after itsGlenn Petersen-May 10
26An earnings preview: Snap's first earnings to shed light on battle with FacGlenn Petersen-May 10
25Snapchat users stay loyal, but Instagram could block its growth by Josh ConstGlenn Petersen-May 9
24Snapchat is stifled by its un-algorithmic feed by Josh Constine ( @joshconstGlenn Petersen-May 1
23The world's biggest ad company plans to spend $200 million on Snapchat this Glenn Petersen-April 29
22A fascinating read, thank you for sharing.Intelim-April 24
21 Consider Facebook's response to Snapchat, the upstart long range interpersoPuru rama-April 21
20I'm surprised so many social media jumped on this "story" hype traIntelim-April 20
19The tech world just witnessed a robbery. The heist was so brazen you kind of hadGlenn Petersen-April 19
18Oh Snap Mark Zuckerberg Is Officially Crushing Snapchat And Snap’s stock is slGlenn Petersen-April 15
17Instagram Stories now used by 200 million people daily, gets new creative tools Glenn Petersen-April 13
16Especially interesting in the light of Facebook rolling out Snapchat of their owIntelim-April 12
15How Stories Search makes Snapchat a real-time YouTube by Josh Constine ( @joGlenn Petersen-April 1
14Facebook is taking on Snapchat. This is gonna get ugly.Intelim-March 30
13I'm predicting a pullback to $23.15 before noon tomorrow $SNAP - Love the comore100-March 28
12SNAP shares Class A will do a vanishing act of their own until at least Sept. Proud Deplorable-March 13
11Snapchat Pornography to Test Advertisers’ Tolerance for Risk By SAPNA MAHESHWAGlenn Petersen-March 11
10Thanks. I am glad to be back on SI and cataract free.Glenn Petersen2March 9
9 Glenn, Its great to have you back. You were missed. Regards, @DimaSI Dmitry (code monkey)1March 9
8Facebook takes on Snapchat Stories with vanishing daily videos cnet.comJakeStraw-March 9
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.