Snap IPO expected to price March 1 after market closes

A portrait of the Snapchat logo in Ventura
A portrait of the Snapchat logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer/File Photo

February 17, 2017

(Reuters) – 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.

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.

(Reporting By Tim McLaughlin, Editing by Franklin Paul)