Snap Raises $3.4B in IPO, Soaring Trades Set Value Past $20B
Xconomy
MARCH 2, 2017
Snap, which rose to unicorn status based on a social media app that creates quickly vanishing photos, attracted solid investor interest in an IPO that raised $3.4 The $17 initial offering price valued the company at about $24 billion , a number that has since risen with the Venice, CA, company’s share price shooting above.
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