Messengers

Snap's IPO valuation was $24 billion. But following the results of the following months, the company showed modest operating and financial results.. What to expect next? This March Snap, Inc. went public. Even though, that the company is still unprofitable, Snap's IPO is the largest U.S. tech company IPO since Facebook went public in 2012 year. Snap attracted $3,4 billion, while the company's valuation was $24 billion. The share price on the first day of trading on 44% exceeded the placement price, and the company's market capitalization was $28 billion. The Snapchat app was launched in 2011 year and was positioned as a messenger with disappearing messages. Founder and CEO Evan Spiegel called Snap a "camera company" in the first place («Camera Company»), despite the presence of many other functions of the social network and messenger.