The Stunning Rise of Snapchat
The California based company is worth between $20bn and $26bn which indeed is the largest United States floatation since the Chinese e-Commerce giant Alibaba listed 2 years ago
Apparently, Snap the parent company of the messaging app Snapchat began in 2012 as a mobile app that allowed users to send photos that vanish within seconds and now has over 100million daily users which is more than Twitter. Importantly, if it goes ahead, it would be the biggest US technology floatation since Facebook $81bn launch in 2012.
It deserves to be observed that Snap's founder Evan Spiegel turned down an offer from Facebook founder Mark Zuckerberg to buy Snapchat for $3bn just 3 years ago. However, Snap chat has impressed by rolling out features after features to the platform- all executed seamlessly.
In September, it re branded itself as Snap and earlier this month debuted its video-camera sunglasses called Spectacles
In point of fact, we can now categorically state that Snapchat is now an attractive proposition for investors and it is very much likely to price higher than the extraordinary Google's $23bn debut in 2004.
Apparently, Snap the parent company of the messaging app Snapchat began in 2012 as a mobile app that allowed users to send photos that vanish within seconds and now has over 100million daily users which is more than Twitter. Importantly, if it goes ahead, it would be the biggest US technology floatation since Facebook $81bn launch in 2012.
It deserves to be observed that Snap's founder Evan Spiegel turned down an offer from Facebook founder Mark Zuckerberg to buy Snapchat for $3bn just 3 years ago. However, Snap chat has impressed by rolling out features after features to the platform- all executed seamlessly.In September, it re branded itself as Snap and earlier this month debuted its video-camera sunglasses called Spectacles
In point of fact, we can now categorically state that Snapchat is now an attractive proposition for investors and it is very much likely to price higher than the extraordinary Google's $23bn debut in 2004.
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