Mountain View Private School May Get Windfall With Snapchat Investment

“It’s definitely a function of how Snap is perceived-not every company could get away with this”, says Thomas Ivey, a partner at law firm Skadden, Arps, Slate, Meagher & Flom, who is based in Silicon Valley.

Over the past year and half, NBCUniversal’s digital investments have totaled about $1.5 billion, he said.

When it went public in 2013 its stock soared more than 70% on day one.

Similar investments for the company include $400 million in BuzzFeed since late 2015, $200 million in Vox in August 2015 and the acquisition of a website geared toward local youth sports teams called SportsEngine in July 2016.

IPO stands for initial public offering and it refers to the first time that the stock of a company is offered to the public. As per CNBC, Snap will start trading Thursday of this week.

The drone prospect offers a glimpse into what Snap might be considering next, and could have a huge impact on its future value and growth.

The parent company of social media phenomenon Snapchat has priced its shares at $17 each, valuing the firm at nearly $24bn and making it the biggest USA tech float since Chinese giant Alibaba in 2014. But the naysayers came out early, with two analysts warning investors that their excitement is misplaced.

Before the trading debut, Jordan Hiscott, chief trader at Ayondo Markets, said: “What sets it apart from other messaging apps like WhatsApp for me is the innovative features built into the app’s interface, such as the lenses function”. Investors who bought at the debut and haven’t sold are down 62% amid slow user adoption and executive departures from Twitter. Additionally, there’s also the issue regarding Snap’s dependence on third-party services.

First, some investors have already confused Snap Inc.

That comes across in its prospectus, which makes clear Snap is a founder’s company. Chief Strategy Officer Imran Kahn’s net worth grew to at least $69.5 million based on his 2.8 million shares in Snap. Spiegel, probably one of the most laconic business leaders in memory, likes to keep things close to the vest, and he tends to make decisions in camera.