How much is Snapchat worth in the Stock Market now?

by TechGeek Team

How much is Snapchat worth in billions of dollars?Snapchat worth $24 billion in wall streetValued now at almost $24 billion dollars, SNAP – the parent company of the super messaging app Snapchat that it has priced its stock at $17 per share, earning the company $3.4 billion from their initial public offering (IPO) with a schedule to start trading on the New York Stock Exchange under the symbol SNAP March 2017.

Snap first filed for public trading just at the beginning of February, and two weeks later announced an initial price range of $14 to $16 per share, with a bold aim to sell 200 million shares equating to between $2.8 billion and $3.2 billion in total.

To put things in perspective, other largely successful app companies like Facebook has currently priced its stock at $38 per share and raised $16 billion in its IPO in 2012, trailed closely by Twitter priced at $26 per stock share and raised $1.8 billion in its IPO in 2013.

via VB