Snap IPO expected to price March 1 after market closes

Fri Feb 17, 2017 1:09pm EST
 
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(Reuters) - The initial public offering of Snap Inc, owner of the popular messaging app Snapchat, is expected to price March 1 after the market closes, Fidelity Investments told brokerage clients on Friday.

The expected size of the IPO is 200 million shares priced between $14 a share and $16 a share, according to an alert from Fidelity.

(Reporting By Tim McLaughlin, Editing by Franklin Paul)

 
A portrait of the Snapchat logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer/File Photo