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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The Trump team receives a 3.2% first-quarter GDP boost as Federal Reserve halts the next interest rate hike in May 2019.

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We can decipher valuable lessons from the annual letters to shareholders written by Amazon CEO Jeff Bezos.

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Agile lean enterprises remain flexible and capable of reinvention in light of new megatrends such as digitization and servitization.

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