tech companies: Snap is one of the group of privately held tech companies that are valued on paper at 1 billion or more dubbed unicorns, according to Market Watch. At the time of its last round of funding, Snap had a valuation of 17.8 billion and has raised a total of 2.4 billion in financing. On Tuesday, the Wall Street Journal reported that Snap has started the confidential process leading to an IPO that could value the company in a range of 20 billion to 25 billion. The big action will happen in the new year, and Snap is going to be one of many IPOs that we expect to see, said Kathleen Smith, principal of Renaissance Capital, an IPO research firm that also manages IPO-focused exchange-traded funds. Snapchat Prepares for 25 Billion IPO 1 34 Snap Inc., the parent of Snapchat, is working on an IPO that could value the virtual-messaging company at 25 billion or more. The Trump election has added only enthusiasm to investors who are expecting to see lower corporate tax rates, which will benefit these types of companies.
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Tagged under tech companies, ipo topics.