Earlier this month I wrote a post about Snap taking the Spectacles into wider distribution. I mentioned in the article that they were going public (actually, I incorrectly stated that they’d already done so), and now we have an estimated evaluation of the company: somewhere between $19.5 and $22.2 billion. Not bad for a college dropout.

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.

Share This With The World!
  •  
  •  
  •  
  •  
  •  
  •  
  •