Snapchat Is Looking For A $22 Billion Valuation
Snapchat´s parent company Snap Inc. revealed in a filing made on Thursday that the company is looking for an initial public valuation of up to $22 billion. This represents a remarkable growth in the social media's financial power and will also turn its co-founders Evan Spiegel and Bobby Murphy into some of the richest figures in Silicon Valley.
Snapchat Eyes A Worth Between $19-$22 Billion
Apparently, Snapchat is looking to price its IPO on March 1 and is also preparing to sell shares between $14 and $16, which is something that would put the company in an important position that could increase its power. This move can also gain a lot of confidence from Wall Street stock analysts and investors, and it would make the whole company worth between $19 billion and $22 billion. In fact, it is also known that the parent company Snap Inc. wants to list 200 million shares under the ticker SNAP on the New York Stock Exchange.
Snapchat´s IPO Would Be The Largest Since Alibaba´s
If Snapchat manages to fulfill its intentions, the company would raise an estimated of $2.3 billion from the shares' sale, which is expected to be invested for expansion. Consequently, this move would give the platform more possibilities to take more actions to increase its popularity, and financial situation.
The Snapchat´s management team that will pitch the company to the investors at its road show will include Chief Strategy Officer Imran Khan, CEO Evan Spiegel and CFO Andrew Vollero, who are expected to play backseat roles. While Khan would probably present mainly on the business model, Spiegel is expected to talk about anything related to the product itself. Although it remains unknown which could be the detailed outcome of this particular event, Snapchat´s anticipated IPO would definitely be the largest in the tech world, since Alibaba went public three years ago, valued at $171 billion.
Apple Closes Gap With Samsung In The Smartphone Business
Although is not known how the Samsung Galaxy S8 and the iPhone 8 would perform in 2017´s market, many believes that Apple could recover its position as the bigger smartphone maker in the world.
Xiaomi Sold 3 Millions Units Of Redmi 3S In Six months
Considering that Xiaomi will not make the leap to the American market, the Redmi 3S´s success clearly represent a huge help for the smartphone maker, in order to maintain its relevance and popularity.
The Most Incredible Cyber Strikes Ever Made By Anonymous
Recently, Anonymous declared war on U.S. president Donald Trump, which clearly represent another chapter in the rough relationship that the White House has established with these organizations in the last years.
Google Offered $30 Billion To Purchase Snapchat
Google floated an offer of at least $30 billion to buy Snapchat.
#BoycottSnapchat Is Trending, Why Thousands Of Users Deleted The App
Thousands of Snapchat users have deleted their accounts because of Snap CEO Evan Spiegel's alleged controversial comments about India and Spain.
MORE IN ITECHPOST
What are the Different Types Of SD Cards?
Most of us use digital cameras, smartphones, and camcorders. But often we lack storage spaces. Thus,we often have to delete our precious memories. But not now. This is because SD cards are available in the market. I'm sure all of you must have seen an SD card. But do you know, SD cards are of different types?
How Do Personal Emergency Response Systems Work?
Personal emergency response systems, known as PERS for short, are systems that help people to raise the alarm and get immediate help when a medical or personal emergency occurs. They are ideal for older people and anyone with a mobility issue or an injury or illness that can cause falls.
Game Developers’ Different Roles in the Studio
Learn about the different professionals involved in developing video games. Becoming a game developer is one of the coolest jobs around and your 14-year-old self, perched on the edge of your bed as you play PlayStation, will thank you for making such an awesome career move.
A COMPREHENSIVE REVIEW ON TIMOTHY SYKES: Is He a Scam Artist?
Timothy Sykes has garnered a lot of attention from several people. A lot of these reactions have been positive, while others have been negative - this is based on the bold claims and flamboyant lifestyle he has always showcased. In this review, we will take a deep dive into his life and the training programs he has to offer. Via this review, you will come to a conclusion whether he is the real deal or another fishy scam artist. First and foremost, we will be uncovering the man himself, Timothy Sykes, also known as Tim Sykes.