1. What is an IPO?
IPO Definition
Company decides to raise capital by selling shares in a public offering.
Valuation
The company hires an investment banker to determine the value of the company and initial share price. Investment banks are willing to buy all shares with the intention to sell them.
Presentation
The investment bank takes the CEO & CFO on a road show to highlight the companies plans for growth.

2. Snapchat – IPO Summarize what happened – Date of IPO
How many shares of stock issued?
What is the ticker symbol for Snapchat?
What was the initial stock sale price?