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Nigel Cassidy

Morning Money: Why is Snapchat so valuable?

Nigel Cassidy
Original Broadcast:

Morning Money on

Morning Money: Why is Snapchat so valuable?
Social media app Snapchat could soon be publicly owned, with the initial public offering set to value the company at £20.5 billion. It comes after its owner Snap Inc. reportedly settled on Morgan Stanley and Goldman Sachs to underwrite the IPO, which is being referred to as a 'mega-unicorn', a term reserved for any companies valued at over $10 billion. Share Radio's Joe Aldridge spoke to Tech Consultant Chris Green about the company's plan.

Guests: Rachel Winter,Joe Aldridge