![]() ![]() At a valuation of $19 billion, Snap stock would trade at 47 times sales, not quite as sky high as the price-to-sales ratio of 62 that we previously computed. That’s as much as 24% less than the $25 billion valuation for which Snap was reportedly aiming, which was also the Snapchat company’s private-market valuation as of its latest funding round.Īnd that means that Snap’s future shareholders won’t be taking quite as much risk by buying into the maker of the disappearing message app, which lost $515 million at its bottom line last year. Snap now hopes to price its stock at $14 to $16 per share, valuing the company at about $22 billion at the high end, but at $19 billion on the low end. On Thursday, however, Snap updated its IPO filing with a proposed stock price for when it goes public in March (under stock symbol “SNAP”), and it’s not quite as high as had been widely expected. first filed its IPO prospectus, we wrote about how insanely expensive Snap’s stock was likely to be. Two weeks ago, when Snapchat’s parent company Snap Inc. ![]()
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