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.
Vanguard’s move into PE may change the landscape forever
Private equity has been growing in popularity in recent years as more and more big-name funds and institutional investors dive in. Now even indexing giant Vanguard is out to take a piece of the PE pie. During a panel at the Morningstar Investment Conference this year, Fran Kinniry of Vanguard, John Rekenthaler of Morningstar and Read More
Highlights from our previous Snap IPO coverage:
Article by PitchBook