Snapchat Parent Sets Valuation at Less Than $22 Billion

Wall Street Journal: Snap is said to have set a valuation for itself between $19.5 billion and $22.2 billion, as the disappearing-message app company nears its landmark initial public offering. Even at the low end of the expected valuation range, it would be the largest U.S.-listed tech offering since Alibaba’s IPO in 2014.