# Professor Scott Galloway's thoughts on Snap's market valuation are referenced

1 Faculty News July 18, 2017 ![The Irish Times logo](/sites/default/files/styles/246w/public/assets/images/con_030744.jpg?itok=czTMA8lr)>

Excerpt from the [Irish Times](https://www.irishtimes.com/business/personal-finance/free-falling-snap-remains-a-risky-trade-1.3154980) -- "Ordinary investors didn’t get to buy at $17 during the IPO. Demand meant they opened for trading at $24 and peaked at $29 the following day, a far cry from the $15 level to which they fell last week. It could get worse. Prior to the IPO, this columnist warned Snap’s stratospheric valuation meant it looked a bad bet. Even now, the stock trades on 45 times sales, prompting Prof [Scott Galloway](http://www.stern.nyu.edu/faculty/bio/scott-galloway) from the NYU Stern School of Business to dismiss it as the 'most overvalued company in the world.'"

[Read more](https://www.irishtimes.com/business/personal-finance/free-falling-snap-remains-a-risky-trade-1.3154980)