Intelligence

Despite the Snap IPO’s huge success, it won’t encourage other companies to follow

Snap is on a streak. Shares of Snapchat’s parent company climbed 11% on Friday after soaring 44% the day before in their market debut. Already, the public offering has made a lot of people very rich: Snap’s cofounders, its longtime employees and venture capitalists, and—in a double win for teens—a private high school in Mountain View.

Source: Quartz

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