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Briefing
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- IPO filing – Snapchat secretly filed for initial public offering with company expected to be valued between $20 billion to $25 billion, biggest US tech IPO since Facebook’s IPO debut in 2012 for $81.2 billion
- First decacorn IPO – Could test public investor appetite for decacorns, private venture-backed companies worth more than $10 billion like Uber and Airbnb
- Subdued investors appetite – Volatile technology stock performance and uneven returns from IPOs lead to more scrutinizing investors with 123 technology companies’ IPO filings year-to-date raising $7.1 billion, a 58% decline in proceeds and 20% drop in number of offerings from last year
- Wearable glasses – Company debuted video camera sunglass this month worth $130 which can take and send snaps quickly on app, positioning Snapchat as a camera company
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Accelerator
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Business Model and Practices
Business Model
and Practices
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Sector
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Information Technology
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Organization
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Snapchat Inc.
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Source
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Original Publication Date
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November 15, 2016
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