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Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.
Evan Spiegel.
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Snapchat's parent company, Snap Inc., said in a filing Thursday that it was seeking an initial public offering valuation off up to $22 billion.
Snap's two co-founders will sell up to $512 million in stock when their company goes public. These early Facebook and Twitter investors think Snapchat is on track for $14.8B in revenue by 2027.
has also filedow a 60-year-old Canadian sportswear manufacturer convinced regular people to wear $900 arctic parkas.
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On Wall Street, we sat down with Andrea Orcel, the head of UBS' investment bank, to talk Trump, uncertainty and challenging trading conditions.
A little-known startup that has quietly amassed 100,000 Wall Street users just scored a big investment.
Trump's fast-food CEO pick for labor secretary dropped out of the running on Wednesday after attacks from left and right. The President is now set to name an ex-George W. Bush official to the role.
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Kate Spade is exploring ways to sell itself — and the stock is soaring - Kate Spade is up 11.18% at $21.87 a share as the company said it is "reviewing strategic alternatives," in a press release issued on Thursday.
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GREENSPAN: The US cannot afford to spend on infrastructure like it wants to because it's not on the gold standard - Former Federal Reserve Chairman Alan Greenspan has again defended the gold standard monetary system that the US dropped in the 1930s.
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