[Baidu VR original manuscript, reproduced please indicate the source]
(Beijing time, March 4, 2017) Yesterday (March 3rd), according to foreign media reports, Snap parent company Snap parent company Snap officially landed on the NYSE after reading and burning, and Snap previously had a valuation of 19.5 billion U.S. dollars. Between US$22.3 billion and US$24 on the first day, it closed at US$24.51, up 44% from the issue price of US$17. At the closing price, its market value is as high as 34 billion U.S. dollars.
After reading the application of Snapchat parent company Snap
In addition, through Baidu VR (micro-signal: BDVRbbs) learned that Snap successfully raised 3.4 billion US dollars, has become the largest technology company IPO of the New York Stock Exchange after Alibaba raised US$25 billion in 2014, but only for the US market. This is the IPO of the largest technology company in the United States after the Facebook IPO in 2012.
The success of Snap comes from its appeal to young people and the huge advertising market behind it. However, after successful listing, whether Snap can maintain its competitiveness has become a concern for many people: Will it grow as a social giant like Facebook, or will it get into trouble like Twitter? , If there are more interesting products, or can not continue to remain attractive to young people, it may be a fatal blow to Snap.
About Snapchat
Snapchat is a photo-sharing application developed by two students at Stanford University. With the app, users can take photos, record videos, add text and pictures, and send them to their own friends list on the app. These photos and videos are called "Snaps," and users of the software call themselves "snubs."
Read and burn the app after Snapchat
The most important feature of Snapchat's application is that all photos have a lifetime of 1 to 10 seconds. After the user takes a photo and sends it to a friend, the photos are automatically destroyed on time according to the time set by the user. Moreover, if the receiver attempts to take a screenshot during this period, the user will also be notified. Beijing time October 13, 2016 News, Snapchat parent company Snap has selected the IPO (initial public offering) lead underwriter, the company will start the IPO as early as March 2017. Morgan Stanley and Goldman Sachs will lead Snap's IPO.
On February 2, 2017, Snap, developer of Snapchat's post-approval Snapchat application, filed a prospectus with the Securities and Exchange Commission (SEC). It plans to raise up to $3 billion in funds through an initial public offering. Snap will issue non-voting Class A ordinary shares this time, but it has not announced the issue price range and issue price. On February 3, Snap co-founder and CEO Evan Spiegel will emulate Facebook CEO Mark Zuckerberg and others, and will take the initiative after the company IPO (IPO). The annual salary is reduced to 1 US dollar.
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