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Snapchat sets IPO valuation at $22.2 billion

Snapchat sets IPO valuation at $22.2 billion

Thursday, February 16, 2017, 1:13 PM

Snap Inc. the maker of disappearing-photo application Snapchat, set the valuation on its initial public offering (IPO) at between $19.5 billion and $22.2 billion. Snapchat is valuing its shares at $14 to $16. Snap Inc is the first US social-media company to go public since Twitter Inc. debuted more than three years ago.
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