20b 25b Ipo Ipo

20b 25b ipo ipo

20b 25b ipo ipo

By CB Insights.

Snap Inc. has reportedly filed confidentially for an IPO that could value the company north of $22B.

20b 25b ipo ipo

For context, the company was last valued at $18B in the private markets, which put it just behind three other US-based unicorns: Uber ($68B), Airbnb ($29B), and Palantir Technologies ($20B), and just ahead of WeWork ($16.9B).

Snap’s public debut would be the first unicorn IPO since the September 2016 IPO of Nutanix, which went public at a valuation of $2.2B.

Is Snap’s expected IPO value irrational?

We used CB Insights’s Enhanced Valuation capability to track Snap’s value rise against other high-flying unicorns, and benchmark the expected IPO valuation against comparable social media companies (on price-per-user and price-to-sales bases).

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We find that Snap isn’t too richly valued compared to its peers, especially considering its demographics, growth prospects/momentum, and revenue efforts.

Read more at CB Insights.

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