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News retrospective: Snapchat prepares for whopping US$ 24 billion stock market flotation

· 每日跟讀單元 Daily English

Snap Inc, the founder of messaging app Snapchat, today announced the list price for its initial public offering (IPO) on the New York Stock Exchange, which is set to give the social media company a market value approaching US$24 billion.

開創Snapchat通訊軟體的Snap公司(Snap Inc.)今天宣布於紐約證券交易所首次公開募股定價,讓這家社群網路公司市場價值達兩百四十億美元左右。

Due to strong demand from investors, Snap Inc. announced that the company’s shares will initially trade at US$17 apiece, higher than the anticipated US$14-16 share price.

由於投資人需求熱切, Snap聲明指出,首次公開募股每股定價為十七美元,高出外界預期的介於十四至十六美元。

This will allow the message-vanishing app to raise US$3.4 billion in capital, which will help the Californian start-up company to expand and move beyond its core business of young smartphone users.


The Snap IPO is the largest by a tech company since China’s Alibaba Group Holding Ltd’s 2014 IPO, and the biggest by a US tech company since Facebook’s 2012 flotation.


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