Snap has priced its IPO.
Snapchat's parent company Snap Inc. is pricing its IPO at $14 to $16 per share, according to documents filed with the SEC on Thursday.
The regulatory filing shows Snap is looking to sell 200 million Class A shares, which it estimates will generate between $2.1 billion and $2.3 billion. Snap had originally filed for a $3 billion IPO.
It will list on the New York Stock Exchange, under the "SNAP" ticker.
Morgan Stanley is the lead bank working on the share sale. The other banks partipating are Goldman Sachs, Barclays, Credit Suisse, JP Morgan, Allen & Company, and Deutsche Bank.
More to follow ...
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