Snap Said to Price Shares in IPO at $17 Each

The transcript discusses the pricing of shares at $17, above the initial range of $14-$16, with a valuation close to $24 billion. It highlights investor sentiment in Silicon Valley, the importance of a successful IPO, and the role of banks like Goldman Sachs and Morgan Stanley in underwriting. The discussion also covers upcoming IPOs, including MuleSoft, Dropbox, and Spotify, and the challenges faced by companies like Uber due to high valuations and private market investments.

What was the initial marketed price range for the shares before it was set at $17?

• $14 to $16

• $18 to $20

• $12 to $14

• $16 to $18

Why is there a sense of desperation for the IPO to succeed in Silicon Valley?

• To attract more tourists

• To increase real estate prices

• To boost the local economy

• To prevent a first-day trading dive

Which company is mentioned as an app integration platform planning to enter the market?

• MuleSoft

• Uber

• Spotify

• Dropbox

Which bank is leading the underwriting for the IPO?

• Credit Suisse

• JP Morgan

• Deutsche Bank

• Goldman Sachs

What percentage of fees is typically earned by banks in technology IPOs?

• 0.5%

• 1%

• 2%

• 3%