IPOs

Markets

Snap's Valuation Set Below Expectations

Snap, the owner of the popular messaging app Snapchat, set a valuation of between $16.20 billion and $18.52 billion in its initial public offering, significantly below expectations.

Markets

Source: Snap Selects New York Stock Exchange for IPO

Snap Inc, the owner of the popular messaging service Snapchat, has chosen Intercontinental Exchange Inc's New York Stock Exchange (NYSE) for its initial public offering (IPO), a person familiar with the matter said on Monday.