Snap's target: Snap is targeting a valuation of between US$19.5bil (RM86.82bil) and US$22.3bil (RM99.29bil) from listing on the New York Stock Exchange in two weeks. — Reuters
NEW YORK: Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Feb 21, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a "once in a generation founder".
Snap is targeting a valuation of between US$19.5bil (RM86.82bil) and US$22.3bil (RM99.29bil) from listing on the New York Stock Exchange in two weeks. It cut its initial target of US$20bil-US$25bil (RM89.05bil-RM111.31bil) last week following negative investor feedback.
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