Snapchat files for IPO
Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest US stock market debut since 2014. Future & Option Trading Tips
The Venice, California-based company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd's (BABA.N) went public two years ago valued at $170.9 billion. It would be the largest US technology IPO since Facebook Inc's (FB.O) debut in 2012 with a value of $81.2 billion.
Snapchat filed with the Securities and Exchange Commission under the US Jumpstart Our Business Startups Act. Financial Astrology
Companies with less than $1 billion in revenue can secretly file for an IPO, allowing them to quietly test investor appetite while keeping financials confidential.
The filing was made before Republican Donald Trump's unexpected victory in the US presidential election on November 8 which has increased uncertainty in global markets, but the Dow Jones Industrial Average has hit record highs for four straight sessions. Astrology and Numerology Trading Tips
The sources asked not to be named because the information is private. A spokesman for Snap Inc, Snapchat's parent company, declined to comment.
A Snapchat IPO is seen by many investors as a bellwether for many of the largest so-called "unicorns," private, venture-backed companies that are valued at more than $1 billion. Nicknamed "decacorns," these companies are valued in the tens of billions of dollars and include Snapchat,
car-sharing company Uber Technologies Inc [UBER.UL] and home-sharing company Airbnb. No decacorn has yet tested the public market, and it is unproven whether they can beat or even replicate such astronomic valuations with more scrutinising public investors.
Snapchat started in 2012 as a free mobile app that allows users to send photos that vanish within seconds. It has more than 100 million active users, about 60% of whom are aged 13 to 24, making it an attractive way for advertisers to reach millennials.
Awash in venture funding, the company raised $1.81 billion in May, which valued it at about $20 billion, media reports said at the time.
The Venice, California-based company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd's (BABA.N) went public two years ago valued at $170.9 billion. It would be the largest US technology IPO since Facebook Inc's (FB.O) debut in 2012 with a value of $81.2 billion.
Snapchat filed with the Securities and Exchange Commission under the US Jumpstart Our Business Startups Act. Financial Astrology
Companies with less than $1 billion in revenue can secretly file for an IPO, allowing them to quietly test investor appetite while keeping financials confidential.
The filing was made before Republican Donald Trump's unexpected victory in the US presidential election on November 8 which has increased uncertainty in global markets, but the Dow Jones Industrial Average has hit record highs for four straight sessions. Astrology and Numerology Trading Tips
The sources asked not to be named because the information is private. A spokesman for Snap Inc, Snapchat's parent company, declined to comment.
A Snapchat IPO is seen by many investors as a bellwether for many of the largest so-called "unicorns," private, venture-backed companies that are valued at more than $1 billion. Nicknamed "decacorns," these companies are valued in the tens of billions of dollars and include Snapchat,
car-sharing company Uber Technologies Inc [UBER.UL] and home-sharing company Airbnb. No decacorn has yet tested the public market, and it is unproven whether they can beat or even replicate such astronomic valuations with more scrutinising public investors.
Snapchat started in 2012 as a free mobile app that allows users to send photos that vanish within seconds. It has more than 100 million active users, about 60% of whom are aged 13 to 24, making it an attractive way for advertisers to reach millennials.
Awash in venture funding, the company raised $1.81 billion in May, which valued it at about $20 billion, media reports said at the time.
posted by Naresh Jain @ 01:25
0 Comments
0 Comments:
Post a Comment
Note: only a member of this blog may post a comment.
Subscribe to Post Comments [Atom]
<< Home