VTV.vn – Snap Inc., the group that owns the Snapchat app, has had a very successful initial public offering, bringing its owner to a billionaire.
After opening the session, shares of Snap Inc. was traded at USD 24 / share, which is much higher than the IPO price of USD 17 / share (about 41% higher). At the close of the session, Snap Inc. shares is 24.48 USD / share, up 44% compared to the IPO price.
With this impressive growth, Snap Inc. is valued at about 33 billion USD, this figure is much higher than the 25 billion USD that the corporation hoped before the IPO.
Snapchat co-founders Evan Spiegel (left) and Robert Murphy (right) (Image: AP)
According to many experts, the successful launch of Snap Inc. It is said to be resonated from the recent sharp increase in the US stock market and peaked yesterday (2/3), the Dow Jones industrial index rose to more than 21,000 points. highest ever.
The successful IPO turned Snapchat’s two co-founders Evan Spiegel 26 and 28-year-old Robert Murphy into billionaires overnight. It is estimated that Evan Spiegel’s assets are based on a market value of about $ 4.5 billion, while that of Robert Murphy is $ 3.9 billion. In addition, after the IPO, a series of funds and other individuals investing in Snapchat previously also collected huge amounts such as Lightspeed Venture Partners, Timothy Sehn, Michael Lynton …
The value of Evan Spiegel is estimated at 4.5 billion USD after the IPO
However, some economists also expressed concern about the unexpected success of Snap Inc .. According to analyst Brian Wieser from Pivotal Research, Snap Inc. is being overvalued compared to its actual size. Also according to Mr. Brian Wieser, the price of 10 USD / share is consistent with the potential of Snap Inc ..
Since its launch in 2011, Snapchat has gone from being an adult messaging app to the world’s most popular self-destructing messaging platform and becoming one of Facebook and Twitter’s formidable rivals.
Snap Inc. Were overpriced? (Photo: AP)
By the end of 2016, Snapchat reached 158 million daily app users, up 48% from the same period last year but in the fourth quarter of 2016, the number of users dropped again compared to the same period last year.
This decline is attributed to competitive pressure as well as application performance issues from developing too many new updates to their applications.