Why did Snap Inc. go public? What is Snap Inc.'s current stock price? What rate of return made an investor who had the chance to buy Snap Inc. stock at the IPO price of $17 per share? 4. What valuation method is Morgan Stanley using (i.e. Dividend Discount Model, Corporate Valuation Model, or Market Equivalent Models)? 5. Why is Morgan Stanley using this model? 6. What was the effect of lowering the WACC to 8% (from 10%) on Snap's intrinsic value? 7. According to the article what is the range of the WACC estimated by different banks? Does it give you confidence in the $28 target price? Why or why not? https://sway.com/yg7y3eJk5JhyFWet