Does Snapchat Lack Ambition?

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?

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