GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Headlines

Snapchat Owner Prices IPO, Seeks More Than $2 Bn

February 16, 2017
in Headlines
Share on FacebookShare on Twitter

Snapchat’s corporate parent seeks to raise more than $2 billion for the fast-growing social media group in the tech sector’s largest public offering in nearly three years, documents filed Thursday showed.

You Might Also Like

Ghanaian Can Travel to South Africa Visa-Free

2019 – the Biggest Year yet for Ghanaian Tourism

Three Britons On Trial In Singapore Accused of Gang-Raping Drunk Woman

Outlining the financial details of its initial public offering (IPO), Snap Inc. said it expects net proceeds of some $2 billion.

It will offer 145 million new shares and sell 55 million from existing share owners, with an expected price range of $14 to $16, the documents filed with the Securities and Exchange Commission showed.

The offering — confirmed with a public filing on February 2 — would be largest in the sector since the Chinese online giant Alibaba’s US market debut in 2014.

The listing would value Snap at between $19.5 billion and $22.2 billion, the Wall Street Journal reported, citing sources familiar with the deal.

The move is expected to be closely followed by Wall Street and the tech sector, with other highly valued peers such as Uber and Airbnb also studying IPOs.

Known for its disappearing messages, Snapchat has become hugely popular with young smartphone users.

The company has also recently been expanding its offerings to enable publishers to deliver content on the platform.

Some 158 million people use Snapchat daily, with more than 2.5 billion Snaps created every day, according to the filing.

Snapchat has partnerships with dozens of publishers and organizations, including one announced Thursday by the New York Times.

While some analysts say Snap has the potential to challenge Facebook, others say it could end up like Twitter, consistently losing money with its existence as an independent firm in peril.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: AirbnbAlibabaAlibaba GroupBusiness_FinancecomputingE-commerce & Auction ServiceseconomyfacebookInternet Services - NECMobile Application SoftwareNewspaper Publishingonline giantPhoto sharingSecurities and Exchange CommissionsmartphoneSnap Inc.snapchatSocial MediaSocial Media & NetworkingSocial networking servicessoftwareSoftware - NECTechnology_Internetthe New York Timesthe Wall Street JournalTrade & Business PublishingtwitteruberUberisationUnited StatesWall Street Journal

Related News

Ghanaian Can Travel to South Africa Visa-Free

by
July 10, 2019
0

Citizens of Ghana no longer need a visa to travel to South Africa. This is because the South African Government...

2019 – the Biggest Year yet for Ghanaian Tourism

by
January 24, 2019
0

2018 was a good year for tourism in Ghana with more than GH₵5.8 billion spent in the country's travel and...

Three Britons On Trial In Singapore Accused of Gang-Raping Drunk Woman

by
August 1, 2017
0

Three British men have gone on trial in Singapore today accused of gang-raping a 23-year-old woman while visiting the city-state...

Pakistani Taliban Launches Women’s Magazine

by
August 1, 2017
0

The Pakistani Taliban on Tuesday released the first edition of a magazine for women, apparently aiming to convince its target...

Next Post

New US Home Construction Slows In January

US Jobless Claims Edge Upward In Mid-February

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com