Do you think snapchat was overpriced

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Reference no: EM134039106

Assignment:

On March 2, 2017, Snap Inc, the company behind Snapchat, conducted their IPO. With negative profits, valuation was based on an Enterprise Value/Sales multiple of 30x. Compare this EV/Sales multiple with Facebook's 13x EV/Sales multiple and the EV/Sales multiple for Alphabet, the company that owns Google (5.5x). Do you think Snapchat was overpriced?

Reference no: EM134039106

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