Snap (NYSE: SNAP) is said to sets its IPO price at $17 per share, above the expected $14-$16 range, Dow Jones News reported. Shares are set to open on Thursday on the NYSE under the symbol “SNAP”.
The company is looking to sell 200,000,000. Snap Inc. is offering to sell 145,000,000 shares of Class A common stock in this offering. The selling stockholders identified in this prospectus are offering an additional 55,000,000 shares of Class A common stock.
The offering is being led by Morgan Stanley, Goldman Sachs, JP Morgan, Deutsche Bank, Barclays, Credit Suisse and Allen & Company.
Copyright (c) 2017 StreetInsider.com