Snapchat (SNAP)

Snapchat (SNAP)

Postby winston » Fri May 27, 2016 10:27 am

Snapchat Reportedly Completes New Financing; Valuation Up to US$17.81B

Messaging app Snapchat has raised US$1.81 billion in the new round of funding, Reuters reported.

Venture capital database PitchBook estimated the company's valuation after the financing at US$17.81 billion, up from US$16 billion at it most recent financing.

It was also reported that Snapchat's revenues in 2015 were US$59 million. That's up from US$3.1 million for the first 11 months of 2014.

Source: AAStocks Financial News
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Re: Snapchat IPO ?

Postby winston » Sat Nov 19, 2016 4:26 pm

Why Snapchat May Be the Single Most Dangerous IPO I’ve Ever Seen

by Keith Fitz-Gerald

Source: Total Wealth Research

http://totalwealthresearch.com/2016/11/ ... ever-seen/
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US - Market Direction 39 (Oct 16 - Jun 17)

Postby behappyalways » Sat Feb 04, 2017 8:56 pm

How can Snapchat lose $515 million and be worth $25 billion?
http://www.telegraph.co.uk/technology/2 ... 5-billion/
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Re: Snapchat (SNAP)

Postby winston » Thu Mar 02, 2017 10:37 pm

Snap Announces Pricing Details for Massive IPO

By Chris Lange

Snap announced late on Wednesday the pricing details that it expects for its initial public offering (IPO).

The company now plans to price its 200 million shares (155 million from the company and 55 million from selling stockholders) at $17 per share, above the previously expected pricing range of $14 to $16, with an overallotment option for an additional 30 million shares.

At the maximum price, the entire offering is valued up to $3.91 billion, which would give the entire company a valuation around $19.5 billion to $22.3 billion.

The company intends to list its shares on the New York Stock Exchange under the symbol SNAP.

The underwriters for the offering are Morgan Stanley, Goldman Sachs, JPMorgan, Deutsche Bank, Barclays, Credit Suisse and Allen.


Source: 24 7 Wall St

http://247wallst.com/media/2017/03/02/s ... Newsletter
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Re: Snapchat (SNAP)

Postby winston » Fri Mar 03, 2017 8:05 am

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Snapchat rockets in Wall Street debut

The company behind Snapchat is trading sharply higher in its Wall Street debut, proof, that there's investor demand for young but still unproven tech companies.

Shares of Snap Inc jumped $US8.21, or 48 per cent, to $US25.21 ($A33.30) a share in afternoon trading on Thursday.

The company had priced its initial public offering of 200 million shares at $US17 each on Wednesday. That was above the expected range of $US14 to $US16.

Snap's IPO was one of the most anticipated for a technology company since Twitter's in 2013. That, in turn, had created the biggest stir since Facebook made its debut on Wall Street in 2012.

Twitter is now valued at $US11 billion, while Facebook is $US395 billion. Snap's pricing valued the Los Angeles company at $US24 billion.

Snapchat is best known for disappearing messages. It's popular with young people, but growth has slowed in recent months. That has investors wondering whether the company will end up more like Twitter, with its troubles attracting users and declining stock price, or Facebook, with soaring user numbers and stock price.

Thursday's surge on Wall Street shows that there is initial investor excitement about Snap, but it's not guaranteed to last.

Twitter, for one, soared initially after its IPO, but now trades 39 per cent below its IPO price. Facebook, meanwhile, struggled initially but has since more than tripled its IPO price.

Source: AAP
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Re: Snapchat (SNAP)

Postby behappyalways » Fri Mar 03, 2017 8:42 pm

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Re: Snapchat (SNAP)

Postby investar » Sat Mar 04, 2017 5:14 pm

Interesting story.
IPO at 17$, now after two days of trading at 27$.
Shorting at these levels is tempting (looks like a viable option), but it is probably better to wait at least a week or two and let the dust settle.
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Re: Snapchat (SNAP)

Postby winston » Sat Mar 04, 2017 6:16 pm

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Snapchat’s Success Is Already a Lie

By Shah Gilani

Morgan Stanley and Goldman Sachs just pocketed a cool $20 million each (and counting) to debut the company.

Good cheerleading on their part, and the rest of Snap’s underwriters (J.P. Morgan, Deutsche Bank, Barclays, Credit Suisse, and Allen & Co.) will drive up Snap’s price.

This will allow them to exercise a “greenshoe” option to sell an additional 30 million shares – for more fees, of course.


While Snap says fourth-quarter 2016 average daily users was 158 million – a 40% increase from the daily user count in the fourth quarter of 2015 – sequentially, the growth of users from the third quarter of 2016 to the fourth quarter of 2016 was… pretty much none.


Snap’s 2016 revenues rose from $59 million in 2015, to $404 million… a whopping 585% increase. Still, the company had a net loss of $515 million in 2016. It’s burned through more than $1 billion in the past two years.


Source: Wall Street Insights

http://wallstreetinsightsandindictments ... /#deeplink
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Re: Snapchat (SNAP)

Postby winston » Mon Mar 27, 2017 9:30 pm

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Warning: Avoid This Stock at All Costs

By Bret Jensen

Source: Daily Trade Alert

http://dailytradealert.com/2017/03/27/w ... all-costs/
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Re: Snapchat (SNAP)

Postby winston » Wed Oct 03, 2018 9:29 pm

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BEWARE THE 'COCKTAIL PARTY' STOCK

Today, we check in on a trendy stock pick that's facing disaster...

As DailyWealth readers know, cocktail-party chatter is rarely a good source of investing advice. If all your friends at a party are talking about the same equity, it might be a sign of investor euphoria – when nobody is left to buy...

Snap (SNAP) is a great example. The $10 billion company created the Snapchat app, which allows users to send picture and video messages.

SNAP surged 44% on its first day of trading last March, jumping from its $17 opening price to roughly $24.50 per share. Media coverage fed into the euphoria...

The New York Times praised the company's cultural impact just weeks earlier, and the dog-filtered face of young CEO Evan Spiegel graced the cover of Time magazine's March issue.

But as you can see, Snap has plummeted nearly 70% from its early highs. Meanwhile, Snapchat is losing millions of daily active users, according to the latest earnings report. Keep this in mind the next time your friends tell you their latest hot stock pick...

Source: Daily Wealth
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