Evan Spiegel Suggests New Founder Don't Go Public
During a Goldman Sachs investor conference Snap CEO Evan Spiegel advised founders to not go public.
Since going public, Snap’s stock has struggled to trade above its IPO price of $17 a share.
According to Business Insider, the company is currently closing at $16.90 a share.
Snap faced setbacks after an unpopular app redesign and a delayed update for Android users.
Spiegel said going public means building trust with a new set of investors and that it will take time.