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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Personal finance and investment author Thomas Corley studies and shares the rich habits of self-made millionaires.

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2018-03-23 08:26:00 Friday ET

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President Trump meets the CEOs of tech titans such as Apple, Microsoft, Google, and Amazon.

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2017-06-15 07:32:00 Thursday ET

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President Trump nominates Jerome Powell to be the new Federal Reserve chairman.

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Warren Buffett shares his key insights into life, success, money, and interpersonal communication.

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Netflix stares at higher content costs as Disney and Fox hold merger talks.

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2017-10-21 08:45:00 Saturday ET

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