The stream of U.S. energy companies going public at the start of 2017 has dried up on concerns over the future direction of oil prices, but private buyers seeking mergers and acquisitions are ready to take advantage of the volatility to secure cheap deals.
Shares of Snap Inc jumped 9 % on Wednesday after the owner of messaging app Snapchat received a second analyst "buy" rating following a red-hot public listing this month and with the financial market skeptical about its lofty valuation.
The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 million due to higher than expected revenue sharing with its partners, digital marketing firm eMarketer said in its latest ad spending forecast on Tuesday.
NBCUniversal, a unit of Comcast Corp, invested $500 million in Snap Inc. during its IPO as part of a strategic investment and partnership, CNBC reported on Friday, citing sources familiar with the matter.
The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit initial public offerings (IPOs) through the end of 2017 from the region, the exchange's global head of capital markets said in an interview.