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Oh, snap! Black investment firms must be involved in more tech IPOs

from Black Enterprise

There's still quite a bit of buzz about the $28 billion initial public offering of Snap Inc., parent of the mobile app Snapchat. Considered one of the largest U.S. tech IPOs during its market debut on March 2 — despite news reports from Marketwatch.com, among other sources, that "the thrill has faded” for investors as its share price slides from the initial trading day close of $22.07 — BLACK ENTERPRISE has focused on another element: Participation of minority underwriters. more


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