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“USA TODAY” : Your complete guide to the Snap IPO

As it stated in

Snap (ticker: SNAP on NYSE) looks to raise $3 billion, and says it has 158 million daily users, on average.
CLOSE Skip in Skip x Embed x Share Snap, Inc., the parent company of Snapchat, plans to go public with an IPO.
Facebook-owned Instagram currently has 400 million daily active users to 1.2 billion daily users for Facebook.
The IPO will be big and high profileThe Snapchat IPO is expected to be the second biggest U.S. tech IPO ever, after Facebook in 2012, when it was valued at $81.2 billion, according to Renaissance Capital.
We get a look at its businessAs a private company, Snapchat hadn’t revealed much about its financials.

As it stated in

Snap shoots for the sky, promises little in $3 billion IPO pitch

Snap shoots for the sky, promises little in $3 billion IPO pitch*/

Facebook’s Instagram, which recently introduced disappearing video content similar to Snapchat, had 600 million users as of late last year.
In its IPO registration document, Snap cited Apple Inc, Google, Twitter Inc, Facebook and its photo-sharing platform Instagram as its competitors.
Snap said it would use the proceeds from its IPO for general purposes, including working capital, operating expenses and capital expenditures.
Snap had confidentially registered with the U.S. Securities and Exchange Commission for an IPO late last year.
Snap said it will list on the New York Stock Exchange under the ticker SNAP.

As it stated in

Snapchat parent Snap to raise up to $3-B in IPO

Snapchat parent Snap to raise up to $3-B in IPO*/

MANILA, Philippines – The parent of the fast-growing social network Snapchat filed public documents for a share offering Thursday, seeking to raise up to $3 billion in a keenly anticipated Wall Street debut.
Global Equities Research analyst Trip Chowdhry advised investors in a note to steer clear of the IPO, calling the value of Snap “hyper-inflated.”
In documents filed with the Securities and Exchange Commission, Snap said it took in $404 million in revenue last year but lost $515 million.
The Snap IPO will be structured with different share classes, allowing co-founders Evan Spiegel and Bobby Murphy to control 88.6 percent of the voting rights.
Snapchat has partnerships with dozens of publishers and organizations, including one announced Thursday by the New York Times.

collected by :Dicson Walt

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