The biggest social media IPO since Twitter is here. The tech company will only sell non-voting shares when it goes public. It will list on the New York Stock Exchange under the ticker symbol "SNAP." Snap claims 158 million daily users and said over 2.5 billion Snaps are created every day.
The company confidentially filed for an IPO. It took advantage of the Jumpstart Our Business Startups, or JOBS Act, which allows companies with less than $1 billion of annual revenue to file for IPOs in secret. So, many of the key metrics that are of interest remain undisclosed.
The public offering will officially make Snap's cofounder and CEO Spiegel, 26, one of the world's youngest billionaires.
Jay & Julia Taylor own and operate Caney Creek Studio. Caney Creek Studio is a video production, digital marketing, and social media management agency.