2016-03-07 — latimes.com
The lack of a price change as Snapchat seeks a new round of funding, according to a source familiar with the matter who spoke on condition of anonymity, underscores a subdued view across the tech sector. Global economic jitters in recent months have led investors to take second looks at publicly traded companies' earnings prospects. But that has trickled down to start-up land as well.
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The median price change was 29% in the fourth-quarter deals examined, down from as high as 94% for companies that raised funding in the second quarter of 2014. Many more of the deals also included more favorable terms for investors.
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