No voting shares, priced at 60x revenue... things are getting frothy out there guys, tread safely.
Demand for Snap's much-hyped IPO suggests the stock will get off to a good start today. The $17 pricing gives the company a valuation twice as expensive as Facebook and four times more than Twitter based on ad sales. Not bad for an unprofitable firm that's generated revenue for only two years. Separately, Reuters said the SEC will review if Snap’s decision to make them non-voting shares might reduce its public disclosures on governance matters.
Demand for Snap's much-hyped IPO suggests the stock will get off to a good start today. The $17 pricing gives the company a valuation twice as expensive as Facebook and four times more than Twitter based on ad sales. Not bad for an unprofitable firm that's generated revenue for only two years. Separately, Reuters said the SEC will review if Snap’s decision to make them non-voting shares might reduce its public disclosures on governance matters.
