Technology Stocks
Snap, Inc.
An SI Board Since March 2017
Posts SubjectMarks Bans Symbol
55 22 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
38Snap has sold more Spectacles than Apple sold iPods in their first year, says CEGlenn Petersen110/4/2017
37on Google is developing technology to let publishers create visual-orieSr K-8/4/2017
36Insiders say Google was interested in buying Snap for at least $30 billion last Glenn Petersen-8/3/2017
35Message 31011253da_cheif™-8/1/2017
34Snap had acquisition talks with AdRoll and is actively shopping for ad tech starGlenn Petersen17/15/2017
33Snap closes below $17 IPO price amid fears insiders will dump shares The IPO waGlenn Petersen-7/10/2017
32on the Russell rebalance following the close June 23: Tech to see bump in growSr K-6/17/2017
31Snap Is Year's Most-Shorted Tech IPO Before Lockup Ends by Alex Barinka anGlenn Petersen16/9/2017
30Why Snapchat Marketing Stinks Big TimeIntelim-5/30/2017
29With Snapchat’s new 5-minute shows, it’s starting to look a lot like a TV networIntelim-5/27/2017
28This was a matter of time. Snap can might become Twitter than Twitter itself didIntelim-5/13/2017
27Snap shares are getting hammered in AH trading. Snap stock is tanking after itsGlenn Petersen-5/10/2017
26An earnings preview: Snap's first earnings to shed light on battle with FacGlenn Petersen-5/10/2017
25Snapchat users stay loyal, but Instagram could block its growth by Josh ConstGlenn Petersen-5/9/2017
24Snapchat is stifled by its un-algorithmic feed by Josh Constine ( @joshconstGlenn Petersen-5/1/2017
23The world's biggest ad company plans to spend $200 million on Snapchat this Glenn Petersen-4/29/2017
22A fascinating read, thank you for sharing.Intelim-4/24/2017
21 Consider Facebook's response to Snapchat, the upstart long range interpersoPuru rama-4/21/2017
20I'm surprised so many social media jumped on this "story" hype traIntelim-4/20/2017
19The tech world just witnessed a robbery. The heist was so brazen you kind of hadGlenn Petersen-4/19/2017
18Oh Snap Mark Zuckerberg Is Officially Crushing Snapchat And Snap’s stock is slGlenn Petersen-4/15/2017
17Instagram Stories now used by 200 million people daily, gets new creative tools Glenn Petersen-4/13/2017
16Especially interesting in the light of Facebook rolling out Snapchat of their owIntelim-4/12/2017
15How Stories Search makes Snapchat a real-time YouTube by Josh Constine ( @joGlenn Petersen-4/1/2017
14Facebook is taking on Snapchat. This is gonna get ugly.Intelim-3/30/2017
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.