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What Is Snapchat Valued At?

If Snapchat Valuation Goes Beyond $20 Billion, It Will Make The Company One Of The Most Valuable Privately Owned Companies In The World According To CB Insights

Image Source: Snapchat
Image Source: Snapchat

According to VC Experts, snapchat could soon be valued at $20 Billion. On May 13, snapchat authorised new shares of 7.3 million which will provide funding of at least $200 Million. According to Tech Crunch, the fundraising will be an extension of the funds snapchat raised from Fidelity which has made the company worth $16 Billion.

The shares when acquired will make snapchat worth $22.7 Billion according to VC Expert, with the assumption that the share price is $30.72 which was the price Fidelity acquired its shares and all authorised shares are issued which is rare according to VC Experts.

Robert Peck an analyst at SunTrust says that the valuation is not overblown by any stretch.”It is following Facebook’s trajectory when you look at the third and fourth year of both companies, Snapchat closely tracks Facebook’s valuation and exceeds its revenue projections. Sourced from CNN

If Snapchat valuation goes beyond $20 Billion, it will make the company one of the most valuable privately owned companies in the world according to CB Insights. Uber is valued at $62.5 Billion, Xiaomi is worth $46 Billion and Airbnb is valued $25.5 Billion. In 2013, Facebook tried to buy snapchat for $3 Billion.

Evan Spiegel
Evan Spiegel | Co-Founder & CEO of Snapchat

Evan Spiegel, the CEO of Snapchat recruited Moti Yung from Google, he is a security and privacy expert and Tom Conrad who is the VP of product. Snapchat released some features in March such as video and audio calls as well as video and audio messages. Snapchat is one of the most used social networks. About 63% of snapchat users fall within fall within 13 – 24 years. Snapchat have nearly 150 million users daily.

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Staff Writer & Business Analyst | An experienced, disciplined, and highly-motivated Business Analyst who has worked on a wide range of projects within the Public and Private Sectors. An accomplished and fluent communicator with strong investigation, problem-solving and decision-making skills, combined with a pragmatic approach and sound business acumen. A highly accomplished individual with a verifiable track record
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