Snap completed its much-anticipated IPO on Thursday, pricing shares at $17 (above its expected range of $14-$16) and raising $3.4 billion in the process. The stock opened for public trading at $24 and closed the day at $24.48 (up 44%), giving Snap a market cap of $28.3 billion.
For a company that many seemed so skeptical about, Snap performed rather well in its debut. But how does it compare to other recent tech IPOs and other similar companies of years past, like Facebook, Twitter and LinkedIn?
We’ve broken down some of the key metrics for a handful of companies’ IPOs to see just that.
At this year's Sohn Investment Conference, Dan Sundheim, the founder and CIO of D1 Capital Partners, spoke with John Collison, the co-founder of Stripe. Q1 2021 hedge fund letters, conferences and more D1 manages $20 billion. Of this, $10 billion is invested in fast-growing private businesses such as Stripe. Stripe is currently valued at around Read More