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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Uber's autonomous car causes the first known pedestrian fatality from a driverless vehicle.

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The top Sino-U.S. tech titans now reach the trademark total market capitalization of $4 trillion as of July 2018.

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Trump imposes tariffs on steel and aluminum in a trade war with some exemptions for Canada and Mexico.

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2018-03-01 07:35:00 Thursday ET

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Several pharmaceutical companies now switch their primary focus from generic prescription drugs to medical specialties.

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