The parent company of SnapChat said in a regulatory filing today that the IPO is likely to be priced between USD 14 and USD 16 per share.
Had the IPO price matched the USD 30.72 per-share price obtained in its last round of financing, Snap would have a market value of about USD 30 billion, based on the quantity of outstanding stock listed in its IPO documents.
Snap's highly anticipated IPO would be the largest since China's Alibaba Group went public in 2014. It is expected to trade on the New York Stock Exchange under the "SNAP" ticker.
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