Snap IPO Expected to Price March 1 After Market Close

By Tim McLaughlin Social Media Reuters

FILE - In this Thursday, Oct. 24, 2013, file photo, Snapchat CEO Evan Spiegel poses for a photo in Los Angeles. Snap Inc., owner of the ephemeral message service Snapchat, seeks to raise up to $3 billion in an initial public offering. According to ... IPO documents filed on Thursday, Feb. 2, 2017, Snap has lost nearly $1 billion in the past two years. (AP Photo/Jae C. Hong, File) (AP)

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.

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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.

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