FYI: Mutual funds run by Fidelity Investments and T. Rowe Price Group Inc (TROW.O) could be poised for a quick win on the upcoming public debut of Snap Inc (SNAP.N).
Both fund companies made private investments just last year in the owner of the popular messaging app Snapchat, with bets that could soar in value if Snap's expected March 1 initial public offering is a success. Snap's planned $3.2 billion IPO is oversubscribed, market sources told IFR on Friday.
Regards,
Ted
http://www.reuters.com/article/us-snap-ipo-funds-idUSKBN16323B
