Author: Matthew Lynley

Pinterest’s Tim Kendall will talk the future of advertising at Disrupt NY 2017

 Snap has finally gone public and it’s worth more than $20 billion. Facebook continues to be an advertising behemoth. Google still owns the search ad universe. So is there room for another — specifically, Pinterest? We’ll find out some of the tricks Pinterest has up its sleeves in May. Today, we’re excited to announce that Pinterest president Tim Kendall will sit down for… Read More

Snap valued above $30B as shares pop more than 40% in public trading debut

 Snap shares began trading more than 40% higher than its original IPO price this morning — opening at $24 per share — as the company made its debut as a publicly-traded company on the NYSE. After months of hand-wringing, Snap’s IPO has now set the stage for not just what people will be expecting for the future of its business. Snap’s performance this morning is also… Read More

Snap values itself at nearly $24B with its IPO pricing

 Snap has given a final price for its IPO, setting the company’s valuation at nearly $24 billion with a price of $17 per share, according to a report by the Wall Street Journal. With that, it looks like Wall Street had plenty of an appetite for Snap despite multiple major concerns about the company’s business. Slowing user growth, rising burn and a dependence on Google and Amazon… Read More

Five burning questions that Snap’s IPO is about to answer

 Snap will begin publicly trading tomorrow, which means that it will officially give a price for its shares in its initial public offering this evening. Originally setting a range between $14 and $16, the company set its own valuation lower than what tech observers might have expected given the hype of the first big tech IPO of 2017. Read More

Hanging out at Snap’s unremarkable IPO roadshow

 One of the remarkable things about the roadshow presentations for hotly-anticipated IPOs — where they’ll make a pitch to investors and answer questions — is that they are often unremarkable. That seemed about the same case for Snap, which was presenting to potential investors at the Mandarin Hotel in New York this afternoon. Over lunch, a packed ballroom 30 stories up at… Read More

Why Snap would lowball its IPO valuation

 The short answer for why Snap lowballed its initial valuation for its initial public offering is that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters figure out where to price the… Read More