Snap Inc. is one of 2017’s most anticipated IPO’s. But the company has some investors wondering what it is really worth.
Jim Cramer looks at Snap’s ad revenue. He compares it to Facebook and Twitter.
The company priced shares above the expected range. Based on an official share count of 1.16 billion, the IPO pricing gives Snap a $19.7 billion valuation. But after factoring accounting for the many stock options and restricted stock units (RSUs) set to vest, Snap is assigned a $23.6 billion valuation.
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