Snapchat IPO: With Shares At $17 Each, $24 Billion Valuation Makes It Biggest Tech IPO In The US Since Alibaba
March 2, 2017
Snap Inc., the parent company behind the popular photo and video messaging application Snapchat, has secured a market value of nearly $24 billion through its initial public offering (IPO), making it the biggest technology IPO in the U.S. since Alibaba Group Holding Ltd. made its debut in 2014.