"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. .
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
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 .
The above share count of 1,157,270,170 shares excludes shares listed on pages 9, 10 and 11 of the S-1. .
http://www.reuters.com/article/snap-ipo-demand-idUKL1N1G90U8 Expected pricing on Wednesday 1st with first day of trading on Thursday 2nd. .
"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. .