A drone could help Snap’s users take overhead videos and photographs, and then feed that visual data to the company.
Snap has said it planned to price its offering at $14 to $16 a share, which would value the company at as much as $22.2 billion
Snap Is Said to Have Worked on a Drone -
Snap has long been known as the maker of Snapchat, an app that sends disappearing messages, photographs and videos.
Snap is expected to price its initial public offering on Wednesday
and the stock is expected to trade on the New York Stock Exchange on Thursday, in what is set to be the biggest technology I. P.O.
But over the past few years, the company has repositioned itself as a modern-day camera company.
It is unclear when or if Snap’s drone would become available to consumers.
The company also changed its name to Snap from Snapchat to reflect that it intended to branch out into myriad products.