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Snapchat IPO Ends on a High Note for Opening Day on the Stock Market
Snapchat Inc., one of the biggest tech IPO's to enter the stock market in years, capped off an important first day with an increase from $17 per share to ending with $24.51, up 44%. The social media, and tech company does an excellent job of trend stacking. For those unfamiliar with Snapchat, it is an application that smartphone users can download and communicate along with friends and family. One of the recent updates is the application allowed me to layer text in a video, and edit it with a professional edge that I would normally have to have video
Snapchat IPO Estimated with a $20 Billion Valuation
Technology companies that have been able to secure a stable user base have been able to turn their private companies into large-scale, public corporations. Snapchat is scheduled to take their company public in the near future, and estimates for the valuation are currently close to $20 billion. In perspective, Facebook first went public with a valuation over $100 billion. That translates into Snapchat having 1/5 overall value in comparison to Facebook when it first started selling stock in 2012. CNN Money reported: 'At this level, Snapchat is a far cry from Facebook, which had 1.23 billion daily users in
Snapchat IPO in Quarter 1 2017 Could Shakeup Facebook Stock Prices
In late October and early November the news hit that Facebook's revenue would be slowing down in 2017 with a focus on investing into the company. After year-to-year success in the technology industry, Facebook has finally hit a wall known as the largest initial public offering since 2014, and that is the Snapchat IPO. Investors have seen Facebook do well, and stumble over the past four and a half years. Overall, the stock has provided investors with stable returns to keep them happy. Recently, Facebook and Mark Zuckerberg announced that Morgan Freemon would be the voice of their upcoming artificial intelligence project