Snap Inc, the parent company of Snapchat, is currently undergoing a love in with institutional investors as it pushes ahead with an ambitious IPO. Initially there were suggestions that the company would be floated with a valuation of between $20 billion and $25 billion. However, the company has since cut this price range to between $19.5 billion and $22.3 billion amid suggestions that the investor roadshow may not be going as well as planned. So, does Snapchat lack ambition or is reality starting to hit home with technology shares? Read full article
