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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Former White House chief economic advisor Nouriel Roubini discusses the major limits of central-bank-driven fiscal deficits.

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2019-12-25 19:46:00 Wednesday ET

Former White House chief economic advisor Nouriel Roubini discusses the major limits of central-bank-driven fiscal deficits.

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The Trump fiscal trifecta of lower income taxation, new infrastructure, and deregulation has yet to run its natural course.

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2017-04-25 06:35:00 Tuesday ET

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U.S. Treasury's proposal for financial deregulation aims to remove key aspects of the Dodd-Frank Act.

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Senator Elizabeth Warren introduces her Accountable Capitalism Act that would require corporations to consider stakeholder interests.

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Senator Elizabeth Warren introduces her Accountable Capitalism Act that would require corporations to consider stakeholder interests.

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Most artificial intelligence applications cannot figure out the intricate nuances of natural language and facial recognition.

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Nobel Laureate Robert Shiller's long-term stock market indicator points to a recent peak.

Apple Boston

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Nobel Laureate Robert Shiller's long-term stock market indicator points to a recent peak.

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