Snap Lowers Valuation Expectations In Highly Awaited IPO
Snap Inc (SNAP. N), owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion … Read more