SNAP CHAT IPO.

34 Billion IPO....

Loses 500 Million/year

They could EASILY say exactly what they're saying about SNAP here -- about Microvision.

Microvision is ridiculously undervalued.




Snap shares closed their first day of trading up 44 percent at $24.48 a share, quenching a long drought in the market for tech IPOs. 

More than 200 million shares — the entire size of the offering — changed hands over the course of the day, accounting for roughly 10 percent of the total volume of trading on the New York Stock Exchange on Thursday. 

The stock opened shortly before 11:20 a.m. on Thursday in New York, and started trading at $24 a share, rising 41.2 percent from its pricing at the open. The company, trading under the ticker SNAP, priced its public offering at $17 a share on Wednesday.

Share prices rose as high as $26.05, according to FactSet, and fell as low as $23.50.

SnapChat IPO and the value question

So, SnapChat values itself at somewhere between 19 and 22 billion.

SnapChat let's people "talk" with pictures. 

Yes, it's used very widely. 

But what is worth more? This application (and it's "appurtenances") with its disappearing videos, or something that will allow you to share this and all other visual content, with people around you?

...and that's before we consider, LiDar and touch-enabled projected images.

LA TIMES

Snap Inc. set a starting price range of $14 to $16 per share for its initial public offering, which at the top end could value the Los Angeles technology company at more than $22 billion.
The IPO of the Snapchat mobile app developer is expected to be the largest ever for a Los Angeles firm and the biggest since Alibaba and Facebook.

What is SnapChat?

Snap -- all about the AR.

The street -- more at the source

Snap Inc. is all about the AR

Several of Snap's recent acquisitions further point to the company's bigger ambitions for augmented reality. Snapchat reportedly purchased Israeli augmented reality startup Cimagine Media for $30 million to $40 million in December and is said to have acquired computer vision startup Seene last June. Seene uses face-scanning technology to transform 2-D images into 3-D images on a users' screen, a core function of augmented reality.