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Snapchat IPO

Snap Inc, the parent company of Snapchat, is aiming for a valuation of $22bn with its IPO, expected 2 March. Create an account to take a position on the company’s anticipated value.

All trading involves risk. Losses can exceed deposits.

How to trade the Snapchat IPO

In the lead-up to the Snapchat IPO, you can spread bet or trade CFDs on Snapchat’s valuation with our grey market, which you’ll find in the ‘popular markets’ watchlist. Your trade will be settled based on the official closing price of the first day of trading, as reported by Bloomberg.

Once the IPO takes place, you’ll be able to spread bet or trade CFDs on how the company performs, or buy and sell its shares with a share dealing account.

Live market price

Markets Bid Offer Updated Change
Snapchat Market Cap ($100 Mn)

Key facts

  • Snapchat IPO expected 2 March

  • Aiming for an initial offering of $3.7bn and a valuation of $22bn

  • 158 million daily active users (quarter ending 31 December 2016)

  • $404.5m revenue in 2016, up from $58.7m in 2015

  • $514.6m net loss in 2016

Will Snapchat post big gains?

On 2 February, tech giant Snap Inc announced its aim to raise $3 billion in an IPO rumoured to take place in March. Such a figure may have particular resonance for co-founders Evan Spiegel and Bobby Murphy, who once turned down a buyout offer of this size from Facebook CEO Mark Zuckerberg.

Snapchat’s IPO stands to be one of the biggest US-listed tech IPOs ever, even after the photo-sharing company lowered its original valuation expectations – of $25 billion – to $22 billion. Analysts have been using Twitter and Facebook as touchstones by which to assess Snapchat, but both companies’ fortunes have diverged in dramatic ways since they floated, making it hard to say if Spiegel and Murphy’s confidence will prove justified.

Despite the five-year-old company’s spiking revenue – which increased by 600% in 2016 – there are still questions over a business model that anticipates substantial future operating losses while foregoing profitability. Muddying the waters further still is the fact that Snapchat’s proposition is different to that of its Silicon Valley neighbours. The tech sweetheart will not be selling any voting shares, so even with public funds, its executive board will still keep total control of the entire company.


Is Snapchat a public company?

Snap Inc, the parent company of Snapchat, is currently privately-held, but an official IPO filing was submitted on 2 February 2017. It will float on the New York Stock Exchange.

What valuation is Snapchat aiming for?

Snapchat is targeting a valuation of between $19 and $22 billion, though this has only recently been downgraded from the $25bn of its IPO filing. Co-founders Evan Spiegel and Bobby Murphy anticipate raising an initial $3.7 billion. 

When will the Snapchat IPO take place?

There’s no confirmed date for the Snapchat IPO, but it is expected to take place on 2 March 2017. We’ll update this page as more information becomes available. 

Who owns Snapchat?

Evan Spiegel (CEO) and Bobby Murphy (CTO) are the co-founders and primary stakeholders of Snap Inc. It is also owned in part by a large number of private investors, including Benchmark, Lightspeed Venture Partners and Timothy Sehn.

What is a grey market?

By taking a position on a grey market, you’re taking a position on a company’s potential market cap ahead of its IPO (total shares in issue x price). If you think the estimated value of the company is over- or under-priced, or if news stories surrounding the business creates additional volatility, a grey market enables you to take advantage before the shares are released publically on the stock exchange. 

How does the Snapchat grey market work?

Our grey market works the same as any other spread bet or CFD: find it in our ‘Popular markets’ watchlist, and buy or sell to take your position. 

How is a trade on our grey market settled?

Settlement of your trade is calculated based on the official closing price of the first day of trading, as reported by Bloomberg.

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