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 February 16, 2017 - 7:10 AM EST
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Wall Street Breakfast: Snap IPO On The Horizon




























Wall Street Breakfast: Snap IPO On The Horizon

Snap Inc. sees its upcoming initial public offering priced at between $14 and $16 per share, according to new regulatory filings. That could value the owner of ephemeral messaging app Snapchat at $19.5B-$22.2B, near the low end of what the company had earlier targeted. The stock could get a final price as soon as March 1 and begin trading the following day on the NYSE under the ticker "[[SNAP]]."

Economy

Two days of testimony from a more hawkish Janet Yellen has cemented the idea that the U.S. central bank will raise interest rates by midyear

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Source: SeekingAlpha (February 16, 2017 - 7:10 AM EST)

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