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How much is Snapchat worth at IPO? It depends

How much will Snap Inc. be worth when it goes public next week? It depends on how you calculate it.

The Snapchat parent company’s initial public offering is expected next week, and there have been differing numbers on the market capitalization, or valuation, it will receive, with some outlets reporting less than $20 billion and others reporting more. The numbers will be scrutinized heavily on the first day of trading, which is expected to be March 2, as investors compare Snap’s market cap with its private valuation to see if it is higher.

See also: Six things we know about the Snap IPO

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