Welcome to the Private Markets Express, a digest of small pieces of private equity knowledge gathered for your reading pleasure.
Snap Inc. has officially entered the public markets with their debut trading day on Thursday, March 2, 2017. With the biggest technology IPO since Alibaba, Snap Inc. shares jumped 41%, with stock price starting at $24, above the IPO price of $17.
Baltimore, Maryland was the biggest market of Airbnb vacationers in 2016! The Baltimore Sun reported that Maryland Airbnb hosts made $25.3 million in 2016. An average host makes about $5,300 annually. Maryland was home to approximately 4,200 hosts in 2016, growing 119% from 2015.
The popular luxury outerwear brand Canada Goose has set a price range of C$14 – C$16 for their upcoming IPO. The Toronto-based parka company known for their coyote-lined hoods are seeking to raise as much as $320 million in its initial public offering, according to a filing published Wednesday. They will be listed on both the NYSE and the TSX.
Feature photo courtesy of AFP/GETTY IMAGES