With its roadshow kicking off soon, Snap has set a target valuation of between $19.5 billion and $22.2 billion in relation to its upcoming IPO, according to multiple reports. That equates to a planned range of $14 to $16 per share.
Many outlets had reported the social media darling was pursuing a valuation of around $20 billion to $25 billion in its public offering, which is set to take place on the NYSE under the symbol SNAP. At the current pace, Snap is tracking to price its IPO in March.
A few years ago, crypto hedge funds were all the rage. As cryptocurrencies rose in value, hundreds of hedge funds specializing in digital assets launched to try and capitalize on investor demand. Some of these funds recorded double-digit gains in 2020 and 2021 as cryptocurrencies surged in value. However, this year, cryptocurrencies have been under Read More
Highlights from our previous Snap IPO coverage:
Article by PitchBook