As we recently witnessed, Snapchat (SNAP) began trading on the secondary market, and for the first time in a long time, an IPO gave investors something to be excited about. The Snapchat IPO thrust the topic of millennials and investing into the headlines.
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.