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Snapchat said to be valued at nearly $24 billion

Mar 01, 2017 - CNNMoney

Even concerns about Snapchat's slowing user growth aren't stopping investors from clamoring for its stock.

Snap, the parent company of Snapchat, priced its initial public offering at $17 a share on Wednesday, according to multiple reports. It had previously proposed a range of $14 to $16 a share.

At that price, Snap would have a market value of nearly $24 billion, making it the largest U.S. tech IPO since Facebook.

Reps for Snap did not immediately respond to a request for comm...