Wall Street

Snap Seizes the Moment

Snap last week filed for a $3 billion IPO. The company’s private market valuation is $17.8 billion, but investors reportedly have valued it at between $20 billion and $25 billion. “Twenty-five billion dollars is just nuts, but that’s the market we’re in,” remarked Rob Enderle, principal analyst at the Enderle Group. “This could provide an opportunity for the big gambler investors,” he suggested.

Read more 0 Comments