• Safi Bello

Snap arrives in London to woo skeptical investors ahead of IPO

Reuters ------- Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance. The U.S. company, which has yet to make a profit, aims to raise between $19.5 billion and $22.3 billion from listing on the New York Stock Exchange, after cutting its initial target of $20-$25 billion last week following investor feedback. To learn more about Snap arrives in London to woo skeptical investors ahead of IPO click on the picture below to read the article.

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