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	Podcast:		Share Radio Afternoon
	Episode:		Snap sets sights lower at $22bn ahead of IPO
	Category:		Business
	Duration:
	Publish Date:		2017-02-16 06:02:27
	Description:		The company behind messaging app Snapchat, Snap Inc, has brought in its valuation target at $19.5bn to $22.2bn - big numbers but still lower than the $25bn hoped for in initial documents. And shares in defence business Cobham have crashed 20% today while profits at drug company Shire have soared 60%. Richard Hunter, head of research at Wilson King Investment Management, went through this and the day's need-to-know company stories with Share Radio's Ed Bowsher.
	Total Play:		0