Corporate
Jan. 8, 2018
California had more IPOs in 2017 as Snap took top spot
California had 27 companies go public in 2017, raising a collective $6.5 billion, up from 2016 when 21 companies in the state raised $1.78 billion. The increase is attributable to "unicorn" Snap Inc.'s March $3.4 billion valuation.
California had 27 companies go public in 2017, raising a collective $6.5 billion. The numbers are up from the previous year, when 21 California companies raised $1.78 billion with initial public offerings.
The drastic increase in collective funds can be attributed to a single “unicorn,” a startup that lacks an established performance record, with a stock market valuation or estimated valuation of more than $1 billion. That unicorn wa...
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