Snap To Price On Wednesday, List On Thursday In IPO

Venice, California-based Snap--in what will be Southern California's biggest technology IPO, ever--is expected to price its IPO on Wednesday night, and start trading on Thursday morning. The company has set an estimated IPO offering range of between $14.00 and $16.00 per share, and is hoping to sell 200 million shares in its IPO. The IPO will potentially value Snap at more than $22.3 billion, depending on how the reception for the company's shares is among institutional investors, who have been evaluating the company during its roadshow period.