Facebook Developer SNAP Bucks IPO Malaise
SNAP Interactive's stock remains red hot at a time when many other technology companies have cold feet about going public.
While the recent fever for initial public offerings by technology companies has cooled somewhat, SNAP Interactive has remained red-hot.
This parent company of Facebook dating app Are You Interested has reported nine consecutive quarters of revenue growth, and its stock price has skyrocketed more than 600 percent in the past 12 months.
SNAP Interactive said its average revenue multiple (meaning market capitalization divided by run-rate revenues,) was 2.1 as of September 1. Other companies that have gone public or been rumored to be considering IPOs have much higher ratios: Pandora (7.7),
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