Instinet Starts Snap Inc (SNAP) at Reduce

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Go back to Instinet Starts Snap Inc (SNAP) at Reduce

Snap Inc. Announces Pricing of Initial Public Offering

March 1, 2017 5:08 PM EST

VENICE, Calif.--(BUSINESS WIRE)-- Snap Inc. today announced the pricing of its initial public offering of 200,000,000 shares of Class A common stock at a price to the public of $17 per share, for a total offering size of $3,400,000,000. Snap is issuing and selling 145,000,000 shares of Class A common stock and the selling stockholders are selling an additional 55,000,000 shares of Class A common stock. The shares are expected to begin trading on the New York Stock Exchange on March 2, 2017 under the symbol SNAP.

In addition, Snap and some of the selling stockholders have granted the underwriters a 30-day... More