Snap's crackle
16 February 2017
Email
The messaging app is seeking a valuation of up to $18.5 bln, less than in its last private fundraising. A cautious initial price may lure buyers. Despite Snap’s fading user growth and poor governance, the hype and dearth of new issues mean investors are unlikely to disappear.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.