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.
There's a gold rush coming as electric vehicle manufacturers fight for market share, proclaimed David Einhorn at this year's 2021 Sohn Investment Conference. Check out our coverage of the 2021 Sohn Investment Conference here. Q1 2021 hedge fund letters, conferences and more SORRY! This content is exclusively for paying members. SIGN UP HERE If you Read More
Highlights from our previous Snap IPO coverage:
Article by PitchBook