SNAP

[m22au]

"Snap’s Coming IPO Looks Like One to Avoid"
http://www.barrons.com/articles/snaps-coming-ipo-looks-like-one-to-avoid-1486185088

Should be another interesting social media IPO, scheduled for March 2017.

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[S2007S]

"Snap’s Coming IPO Looks Like One to Avoid"
http://www.barrons.com/articles/snaps-coming-ipo-looks-like-one-to-avoid-1486185088

Should be another interesting social media IPO, scheduled for March 2017.

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They continue to lose bucks....of course this company is going to worth more than some very well know s$p 500 names and they can't even make profits with all those hundreds of millions of users....

Hmmmm

 

[athlonmank8]

The whole world wants to short this pile.

 

[Michael J. Fletcher]

Everyone's saying that, so perhaps I should be greedy.

 

[m22au]

Amended S1 filed on Thursday 16 February.

Index:
https://www.sec.gov/Archives/edgar/data/1564408/000119312517045870/0001193125-17-045870-index.htm

S-1A:
https://www.sec.gov/Archives/edgar/data/1564408/000119312517045870/d270216ds1a.htm

"It is currently estimated that the initial public offering price will be between $14.00 and $16.00 per share."

SNAP is selling 145 million shares
Selling stockholders selling 55 million shares

Total common stock outstanding after IPO:
1,157,270,170 shares

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[m22au]

The above share count of 1,157,270,170 shares excludes shares listed on pages 9, 10 and 11 of the S-1.

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[m22au]

http://www.reuters.com/article/snap-ipo-demand-idUKL1N1G90U8

Expected pricing on Wednesday 1st with first day of trading on Thursday 2nd.

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[Jamie J.]

We don't know what will happen for sure. I start thinking that SNAP will be more valuable than TWTR.

 

[Vincent S. Ashmore]

they have to compete with google and Facebook. There's no much more you can do with this app.

 

[m22au]

"Snap Raises $3.4 Billion, Pricing Shares in IPO Above Range"
https://finance.yahoo.com/news/snap-said-raise-3-4-214901444.html

According to Bloomberg, the company sold 200 million shares for $17 each.

The price gives the company a market value of about $20 billion, based on the 1.16 billion shares outstanding after the offering.

Adding unexercised stock options and other convertibles for a total of 1.39 billion fully diluted shares, Snap would have a fully diluted value of about $23.6 billion.

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