Snapchat Owner Seeks $3B In IPO

Snapchat Owner Seeks $3B In IPO

Snapchat Owner Seeks $3B In IPO

The deal is a big commitment by Snap and a significant customer win for Google in its competition with Microsoft Azure and public cloud leader Amazon Web Services.

As Bloomberg's Shira Ovide noted on Twitter, it's certainly notable that the cost of revenue for Snapchat was higher than the revenue itself.

Perhaps a more useful quote comes later in TechCrunch's piece: "If you have the user growth and feel secure enough to negotiate in other areas, why would you rush an IPO?" At the time Snapchat had 5m active daily users.

"If we fail to retain current users or add new users, or if our users engage less with Snapchat, our business would be seriously harmed", the filing notes.

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For now, however, let's keep things simple with a Snapchat vs. Instagram debate. Twitter had revenue of $317 million the year before its IPO. There are already at least two other Snap Foundations out there: one is a UK-based group that brings cameras and teaching volunteers to "communities who don't have access to photographic tools or equipment" and the other pledges to supply "cameras and curriculum resources" to K-12 classrooms in Rochester, NY. Back then it had 845 million daily active users.

Snap has become extremely popular among youngsters between the age 18-24. The social media firm also listed its dependency on Google as a key risk investors should consider before buying stock.

The flotation has also drawn comparisons with previous ones by United States tech giants Facebook and Twitter. "We see this as a sure sign that real metrics such as revenue and profit will fall far short of that which a regular company would need to justify that valuation". The company also has plans to "invest heavily in future product innovation", which it warns could lead to unpredictable growth figures. Snap, Inc. has announced plans to raise $3 billion.

Snap is targeting a big, growing market.

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In October 2016, we entered into an amended and restated offer letter agreement with Robert Murphy, our co-founder and Chief Technology Officer with respect to his continuing employment with us. According to her, what makes the company IPO catch is its smart advertising strategy and ephemeral business model.

Here's how the three companies stack up.

With Spiegel owning 22% of Snap's class A common stock, he will become an instant billionaire in the IPO: If Snap achieves that golden $25 billion valuation, Spiegel's shares will be worth almost $5.5 billion.

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