Tag Archives: Snap

Snapchat raises $3.4 billion in its initial public offering

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Despite experiencing slow user growth and a net loss of $514.6 million in 2016, Snap, the maker of popular messaging app Snapchat, has raised $3.4 billion in its initial public offering at $17 per share, clinching a reported valuation of $24 billion. The company’s stock continued to climb even though it has yet to receive a single “buy” rating from Wall Street analysts. So why is Snapchat so valuable? Goldman Sachs estimate that the company could reach $2 billion in revenue in 2018, with a projected daily average users of 221 million, a 40% growth from 158 million in 2016. The company indicated that they expect the bulk of the revenue to come from advertising as well as from the sales of their new product, the Snapchat Spectacles, which can record snippets of video that are automatically stored to the user’s Snapchat Memories, a feature that saves snaps, stories and locked content.

Top 20 Mobile & Apps Deals for November 2015

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $600,000,000 Kuaidi Dache Consortium Mobile & Apps Investment
2 $537,000,000 Snapchat Consortium Mobile & Apps Investment
3 $526,000,000 Spotify Consortium Mobile & Apps Investment
4 $485,000,000 Snapchat Consortium Mobile & Apps Investment
5 $315,000,000 Ola Consortium Mobile & Apps Investment
6 $240,000,000 Runtastic Adidas Mobile & Apps Acquisition
7 $200,000,000 Snapchat Alibaba Mobile & Apps Investment
8 $200,000,000 Miaopai Consortium Mobile & Apps Investment
9 $186,000,000 Pinterest Consortium Mobile & Apps Investment
10 $126,000,000 Glu Mobile Tencent Mobile & Apps Investment
11 $120,000,000 Afrimax Group Consortium Mobile & Apps Investment
12 $100,000,000 APUS Group Consortium Mobile & Apps Investment
13 $100,000,000 Sunrise Microsoft Mobile & Apps Acquisition
14 $100,000,000 Banjo Softbank, BlueRun Ventures Mobile & Apps Investment
15 $100,000,000 Edaixi Consortium Mobile & Apps Investment
16 $100,000,000 letgo Naspers Limited Mobile & Apps Investment
17 $100,000,000 Guvera AMMA Private Equity Mobile & Apps Investment
18 $90,000,000 OfferUp Consortium Mobile & Apps Investment
19 $70,000,000 Conga Insight Venture Partners Mobile & Apps Investment
20 $60,000,000 Quixey Consortium Mobile & Apps Investment

More information

  1. KuaiDi Dache Raises US$600M in Funding (FinSMEs)
  2. Snapchat Closes Another Massive Funding Round — $537 Million (Re/code)
  3. These Are The Companies That Just Gave Spotify Half A Billion Dollars (Forbes)
  4. Snapchat Raises $485M in Funding (FinSMEs)
  5. Ola raises blockbuster $315M funding to stay ahead of Uber in India (Tech In Asia)
  6. Runtastic Acquired By Adidas For $240M (TechCrunch)
  7. Alibaba invests $200M in Snapchat (Tech In Asia)
  8. China’s answer to Vine gets new funding, now valued at over $1b (Tech In Asia)
  9. Pinterest Adds $186M To Series G Funding Round, Offers Secondary Sale To Employees (TechCrunch)
  10. Tencent Will Pay $126M For A 14.6% Stake In Glu Mobile, Maker Of Kim Kardashian: Hollywood (TechCrunch)
  11. Afrimax Group Raises $120M in Growth Funding (FinSMEs)
  12. APUS Group Raises $100M in Series B Financing (FinSMEs)
  13. Microsoft Is Acquiring Calendar App Sunrise For North Of $100 Million (TechCrunch)
  14. Banjo Raises $100M in Series C Funding (FinSMEs)
  15. Baidu Leads $100M New Funding Round In Edaixi (China Money Network)
  16. letgo Raises $100M in Series A Funding (FinSMEs)
  17. Music streaming firm Guvera raising US$100M for Indian expansion (e27)
  18. OfferUp Unveils $90M in Total Funding (FinSMEs)
  19. Conga Raises $70M in Funding (FinSMEs)
  20. Mobile App Search Service Quixey Confirms $60 Million In New Funding (TechCrunch)