Snap targets US$25bn valuation with IPO

摘要

SNAP'S US$3bn NYSE flotation could be the shot in the arm the US IPO market needs. A guaranteed wave of publicity will help swell the order book once it opens, but a US$25bn market capitalisation for the "camera company" may give some investors reason to pause. Thursday's filing was typically light on valuation details, but all the signs suggest this is going to be an aggressive deal.