Note: If you requested and receive shares for the Snap IPO, please let us know the details in the comments section. Include broker, request size, and allocation size.
Also if you’re comfortable, tell us approximately the amount of assets in your account so we can see which brokers are best for giving allocations.
Snap, Inc., the parent company of the popular smartphone app Snapchat, revealed its previously confidential SEC S-1 filing to the public on February 2nd. The Snap IPO is expected to price March 1st and start trading March 2nd.
Snapchat is a messaging app popular with young people. Messages and photos are shared with friends and soon after the message disappears, leaving no trail for snooping parents. With 60 million active accounts, advertisers salivate to reach its youthful audience.
The company filed confidentially back in November 2016, according to Bloomberg. Confidential filings can be kept private for companies with less than $1 billion in profits.
Along the road to the Snap IPO, amended S-1 filings are made public as the launch date approaches.
Snap IPO investors should carefully review the S-1 filing to determine if an investment is worth pursuing either pre-IPO or after the first public trade.
On occasion, ordinary investors can participate in IPOs when the companies partner with IPO-friendly brokers such as Motif Investing or Loyal3. No word on participation by either of these brokers yet.
See the Best Online Brokers For IPO Investing page for more.
Snap IPO Fact Sheet
|Company Name:||Snap, Inc.|
|Founders:||Evan Spiegal, Bobby Murphy|
|Estimated IPO Date:||March 2nd, 2017|
|Latest S-1 Filings||Click Here|
|Known Participating Brokers:||Fidelity, TD Ameritrade (let me know if your broker should be added here)|
|Price:||$17. Opened at $24. +41%|
|Number of Shares:||200,000,000|
|Venture Capital Investors:||Click Here|
|Lead Underwriters:||Morgan Stanley, Goldman Sachs|
|Additional Underwriters:||J. P. Morgan, Deutsche Bank Securities, Barclays, Credit Suisse, Allen & Company LLC, BTIG, LLC, C.L. King & Associates, Inc., Citigroup Global Markets Inc., Connaught (UK) Limited, Cowen and Company, LLC, Evercore Group, LLC, Jefferies LLC, JMP Securities LLC, LionTree Advisors LLC, LUMA Securities LLC, Mischler Financial Group, Inc., Oppenheimer & Co. Inc., RBC Capital Markets, LLC, Samuel A. Ramirez & Co., Inc., Stifel Financial Corp., SunTrust Robinson Humphrey, Inc., The Williams Capital Group, L.P., UBS Securities LLC, William Blair & Company, L.L.C.|
Questions or comments about this Snap IPO fact sheet? Contact me or enter in the comments section below.