With its novel SnapChat app, Snap IPO achieves $30 billion stock market valuation!

Olivia London

2017-03-03 05:39:00 Fri ET

As the biggest IPO since Alibaba in recent years, Snap Inc with its novel instant-messaging app SnapChat achieves $30 billion stock market capitalization.

Having raised more than $3 billion from its IPO, Snap easily beats the bid price that Facebook offered back in 2013.

In this modern era of digital technology, many financial economists and market observers suggest that unicorns, or tech startups with $1 billion net worth, often seek to be packaged as profitable M&A targets for large public corporations.

Snap demystifies this unicorn puzzle by going public with its stellar stock market performance and millennial popularity.


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Anat Admati and Martin Hellwig raise broad critical issues about bank capital regulation and asset market stabilization.

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PwC releases a new study of top innovators worldwide as of November 2018.

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Higher public debt levels, interest rate hikes, and subpar Chinese economic growth rates are the major risks to the world economy.

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Federal Reserve Chairman Jerome Powell indicates that the central bank would resume Treasury purchases to avoid turmoil in money markets.

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