This is actually slightly lower than Snap expected, but it's still a phenomenal rollout. The company is prepared to sell up to 230 million shares priced between $14 and $16, which could bring in up to $3.6 billion. That's pretty impressive for a company who's claim to fame is an app that's perfect for sexting.
Everything about Snapchat - and I am very much including Spectacles - feels gimmicky as hell, but credit must be given where credit is due. Snap has turned into a major player in the social media scene and their market debut will be the largest tech company debut in years. I can't believe I'm saying this, but Snapchat is one to watch out for.