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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Eric Posner and Glen Weyl propose radical reforms to resolve key market design problems for better democracy and globalization.

Chanel Holden

2023-02-14 09:31:00 Tuesday ET

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European Central Bank designs its current monetary policy reaction function and interest rate forward guidance in response to low inflation.

Peter Prince

2019-04-11 07:35:00 Thursday ET

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

Olivia London

2018-09-11 18:36:00 Tuesday ET

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A 7-year $1.3 billion hedge fund manager Chelsea Brennan shares her investment advice.

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Analytic business competitors apply smart data science to support their distinctive capabilities and strategic advantages.

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2020-11-24 09:30:00 Tuesday ET

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Geopolitical alignment often reshapes and reinforces asset market fragmentation in the broader context of financial deglobalization.

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2025-07-01 13:35:00 Tuesday ET

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In recent times, financial deglobalization and asset market fragmentation can cause profound public policy implications for trade, finance, and technology w

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