Honestly I am just surprised this wasn't posted already. An article on CNBC stated that Snap priced its public offering at $17 dollars a share.
Snap priced its public offering at $17 a share on Wednesday, two sources told CNBC. The company is scheduled to start trading Thursday.
At 200 million shares, Snap will have raised $3.4 billion and will be valued at nearly $24 billion. The IPO is 10 times oversubscribed, the sources said.
Sources had told CNBC earlier this week that investors were expecting a pricing of $17 to $18 per share, above the $14 to $16 per share range originally given by the company.
The pricing reflects what Wall Street's top investment firms think about the stock, and telegraphs how the year's most anticipated IPO might fare in the public market on Thursday.
What do you think about Snaps pricing?