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The Zacks Friday Finish Line Highlights: Snapchat's Historic IPO

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For Immediate Release

Chicago, IL—March 3, 2017—Zacks Friday Finish Line is a podcast hosted weekly by Zacks Editor Maddy Johnson and Content Writer Ryan McQueeney that takes on the week’s biggest news from the financial and investment world.

Snapchat's $24 Billion IPO Arrives, The Biggest Tech Debut Since Alibaba

Snap Inc. (SNAP - Free Report) , the parent company of mobile picture messaging app Snapchat, conducted its initial public offering on Thursday, pricing its new stock at $17 per share and valuing the company at $24 billion. This makes Snapchat’s market debut the biggest tech IPO since Alibaba (BABA - Free Report) in 2014.

Last week, Friday Finish Line hosts Ryan McQueeney and Maddy Johnson previewed Snap’s IPO on their show. They were joined once again by Kathleen Smith, a co-founder of IPO research firm Renaissance Capital, to discuss Snapchat’s valuation, business model, and growth opportunities.

Renaissance is a provider of IPO-focused research and investment management. The company, which has been in business for 25 years, also offers managed institutional accounts, as well as two ETFs—the Renaissance IPO ETF (IPO - Free Report) and the Renaissance International IPO ETF (IPOS - Free Report) .

As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!

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