Snap Priced, NYSE: SNAP

Provides a mobile app, Snapchat, for ephemeral messaging and photo sharing.

Industry: Technology

Latest Trade: $22.83 -1.00 (-4.2%)

First Day Return: +44.0%

Return from IPO: +40.2%

Industry: Technology

Snap Inc. is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way that people live and communicate. Our products empower people to express themselves, live in the moment, learn about the world, and have fun together. Our flagship product, Snapchat, is a camera application that was created to help people communicate through short videos and images. We call each of those short videos or images a Snap. On average, 158 million people use Snapchat daily, and over 2.5 billion Snaps are created every day. On average, our users visit Snapchat more than 18 times per day, and spend 25 to 30 minutes on Snapchat every day. We had 158 million Daily Active Users on average in the quarter ended December 31, 2016, an increase of 48% from the prior year.
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IPO News for Snap
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IPO Data
IPO File Date 02/02/2017
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 200.0
Deal Size ($mm) $3,400
IPO Data
IPO Date 03/01/2017
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 200.0
Deal Size ($mm) $3,400
Underwriters
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Company Data
Headquarters Venice, CA
Founded 2011
Employees 1,859
Website www.snapchat.com