Business

Snap IPO expected to price March 1 after market closes

Snap IPO expected to price March 1 after market closes
A portrait of the Snapchat logo in Ventura. Photo: Reuters
Published: 2:40 AM, February 18, 2017
Updated: 4:10 AM, February 18, 2017

The initial public offering of Snap Inc, owner of the popular messaging app Snapchat, is expected to price March 1 after the market closes, Fidelity Investments told brokerage clients on Friday.

The expected size of the IPO is 200 million shares priced between $14 a share and $16 a share, according to an alert from Fidelity. REUTERS