Snap Set to Pitch $3.2 Billion Share Sale to Voteless Investors

  • Company will have $18.5 billion market value at top of range
  • Execs set to host potential investors at Mandarin Oriental

Can Snap Inc. Follow Facebook's IPO Blueprint?

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Snap Inc. is pitching a stock to investors that’s more expensive and comes with less shareholder control than any social media company before it.

The result? The company has had to temper its expectations for how it thinks public markets will value the company after its initial public offering.