Snap Inc., as the messaging start-up is formally known, disclosed on Thursday<br />that it was seeking to raise more than $2 billion in its initial public offering.<br />process: meeting first with the sales teams at Snap’s underwriters,<br />and then, starting next week, with potential investors around the nation to pitch them on the offering<br />In a newly revised prospectus filed with the Securities<br />and Exchange Commission, the company said it expected to price its offering at a range of $14 to $16 a share.<br />At the high point of the range, Snap would be valued at $22.24 billion.<br />At the midpoint of that range, the company would be valued at nearly $20.9 billion.<br />Its shares would trade on the New York Stock Exchange under the ticker symbol SNAP.
