Snapchat owner shares priced at $17 despite making losses – BBC News


BBC News
Snapchat owner shares priced at $17 despite making losses
BBC News
Snap, owner of the Snapchat, has priced its shares for listing on the US stock market at $17 per share. The flotation values the business at $24bn, although Snap has never made a profit. It will turn the company’s founders Evan Spiegel and Bobby Murphy
Snapchat Prices Shares at $17, Bringing Company Valuation to $24 BillionVariety
Snap prices IPO shares at $17 valuing group at $19.7bnFinancial Times
Snapchat maker prices shares at $17Los Angeles Times
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