Did Snap go public too early or too late? It depends on who you ask
Snap's IPO is in a much different market than Amazon's was. Instead of entering a booming, diverse landscape of public offerings, Davison said Snap faced "serious scrutiny" amid a dearth of IPOs. In 2016, 126 companies filed for IPO, the lowest level since 2009 and down from 364 in 2014, according to Renaissance Capital. Plus, attitudes toward the...