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posted on 08 April 2017

Snap Is More Valuable Than These Household Names

Written by , Statista.com

-- this post authored by Felix Richter

After its share price soared 44 percent on its first trading day, Snap was valued at $28.3 billion.

That is nearly 70 times its total revenue for 2016. Even for a fast-growing tech company that is a lot. Facebook in comparison has a price-to-sales ratio of around 14.

As our chart illustrates, Snap was valued considerably higher than many American household names. That includes companies such as Kellog’s and Harley-Davidson that have been around for decades and probably will be for decades to come.

This chart compares Snap's IPO valuation to the market capitalization of selected well-known U.S. companies.

Infographic: Snap Is More Valuable Than These Household Names | Statista You will find more statistics at Statista.

Note added by Econintersect

Snapshat (NASDAQ:SNAP) has cooled considerably in the five weeks following its IPO, closing trading today (Friday 07 April 2017) at $20.82. Now the market capitalization of SNAP is $24.4 billion, dropping its valuation below Kellogg's and placing it just above American Airlines.

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