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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Bill Gates and Warren Buffett shared their best business decisions in a 1998 panel discussion.

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2017-11-13 07:42:00 Monday ET

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Many eminent investors suggest that the time may be ripe for a major stock market correction.

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President Trump tweets that Apple can avoid tariff consequences by shifting its primary supply chain from China to America.

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Harley Davidson plans to move its major production for European customers out of America due to European Union tariff retaliation.

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