Snapchat Files for IPO; Company’s Value is Predicted to Reach $25 Billion
Snap Inc. the maker of Snapchat filed an IPO to begin trading its shares in the stock market on Thursday, Feb. 2. The listing is expected to start in March.
Snap Inc. the maker of Snapchat filed an IPO to begin trading its shares in the stock market on Thursday, Feb. 2. The listing is expected to start in March.
The Securities and Exchange Commission confirmed that the New York Stock Exchange withdrew its proposal of determining "aberrant" pricing of exchange-traded funds. The rule would have allowed NYSE to warn traders of ETF pricing deviation.
Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters.
Two top stock exchanges laid out their vision on Tuesday for how they believe U.S. regulators could craft rules to foster the creation of "venture exchanges" that list small-cap companies.