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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Citron Research short-sellers initiate a class-action lawsuit against Tesla and its executive chairman Elon Musk.

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PayPal earns great fintech reputation from its massive worldwide network of 250+ million users.

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Tony Robbins explains in his latest book on personal finance that *patience* is the top secret.

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The McKinsey edge reflects the collective wisdom of key success principles in business management consultancy.

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