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conference of overhaul to golf. news 24 hours a day, powered by 2600 journalists. this is bloomberg. caroline: coming up, snap expected to price at $17 a share, but is the devil in the details? we will write down the pricing of the biggest social media listing since twitter. talking of twitter, the social media company recruits machines in its fight against abrasive behavior abusive behavior. and toshiba offers its memory chip business to the highest bidder. foxconn emerges as a front runner. lead. to our ism in new york, where snap set to price shares of its ipo at $17 each. the parent company of snapchat says it will be the biggest social media listing since twitter went public more than three years ago. shares of snap will start trading thursday on the new york stock exchange, and we will be there live. joining us as our guest host is ,avid kirkpatrick, alex barinka and in san francisco, the managing partner of good water capital. i wanted to start with you, beca ....
orck market be the only lack across asian markets down .02%. made market traders have the $.5 million in illegal profits by investing in shares ahead of softbank announcements. traders are believed to be outside the u.s. on orderays they want to freeze the traders assets. global news. 24 hours a day. powered by more than 2600 journalists and analysts in more than 120 countries. you are watching bloomberg. let s get a check on the markets. and the topics also gaining ground. this is bloomberg. caroline: this is bloomberg technology. coming up, snap expected to price at $17 a share, but is the devil in the details? we will break down the pricing of the biggest social media listing since twitter. talking of twitter, the social media company recruits machines in its fight against abusive behavior. we will explain. and toshiba offers its memory chip business to the highest bidder, foxconn emerges as a front runner. why the taiwanese companies billionaire founder covets t ....
it s unbelievable. stocks soaring after the president s address to congress last night. we ll go over what he said that has investors so excited today. up 350 points. 12,000 f 21,000 for the first time ever. we passed 20,000 35 days ago. it was january 25th. seems like calendar days? i guess. i don t know. it s been so fast. it s very fast. the quickest one ever, was it 21? it was back in the 90s. we have dow components like apple, home depot, 3m and visa trading at record levels. financials leading the rally. goldman, jpmorgan and wells fargo hitting all-time highs. $3 trillion of wealth has been created in the stock market since the election. we ll talk about whether there are still opportunities out there in this market. that s a lot of dough. not a bad day to price your ipo. we re expecting the parent company, snap, to come out after the bell today. we ll bring it to you as soon as it happens. with the dow powering over 21,000 for the first time ....
neutrality changes ahead. snapper wrapped up its first day of trading thursday. shares closed of 44% from its listing price. it reached a high of just over $26. the maker of the disappearing photo app ended a long tech ipo drought. we caught up with our bloomberg technology reporter and sarah frier. about the range, typical ipo, 20% to 30%. this one will have more buzz baked in. twitter was 70 plus percent on day one, facebook less than 1%. when i look at trading and how the stock was around that $25 mark all day. , it was stable. we saw it selloff towards the end of the day, but it seemed decent way to go out. no one is complaining about the ipo for investors. it has almost tripled its ipo value, facebook down 31% after one year. twitter, down 10%, now down 65%. the managing of expectation and, the roadshow was not all smooth. many questioning the user growth. absolutely. this is a company trying as hard as it can to not set up those comparisons to facebook and twi ....
first to our lead. snap wrapped up its first day of trading thursday. shares closed up 44% from its listing price. it reached a high of just over 24.28.fore closing at $ the maker of the disappearing photo app ended a long tech ipo drought. we caught up with our bloomberg technology reporter alex barinka and sarah frier, who covers snap. if you think about the range, typical ipo, 20% to 30%. this one will have more buzz baked in. if you look at twitter, it was, what? 70-plus percent on day one? facebook less than 1%. when i look at trading and how the stock was around that $25 mark all day, it was stable. we saw it selloff towards the end of the day, but it seemed like a decent way to go out. no one is complaining about the ipo for investors. it has almost tripled its ipo value, facebook down 31% after one year. twitter, down 10%, now down 65%. talk us through the managing of expectation. the roadshow was not all smooth. many questioning the user growth. absolutel ....