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.