Snapchat was estimated at $24 billion

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Shares of the company Snap, owning messenger Snapchat, during the initial public offering was estimated at $17, $1 exceeds the highest expectations. As reported the Wall Street Journal, the company was valued at $24 billion.

At this price Snap IPO will be the largest in America from the time of placing Alibaba Group Holding Ltd. three years ago. Shares of Snap on stock exchange NISE will start tomorrow under the symbol SNAP. During the initial placing on the market will be 200 million shares.

In 2015 Snap income was at $52 million, in 2016 they amounted to 350 million dollars. This year it is expected that the figure will be $1 billion. On these figures stated in the presentation of Snap.

Every day messenger use 158 million people. Over 98% of the income the company brings advertising.

At the end of December 2016 Snapchat bought Israeli startup company Cimagine, which specializiruetsya on the developments in the field of augmented reality. The transaction value amounted to approximately $30-40 million.

snapchat ipo
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