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Los Angeles, Calif., February 17, 2017. We have added a new segment "Hot IPOs" to our SWI Website and Newsletter. Not for just any IPO, there are quite a few simple lists publishing what IPOs are coming up, but a select number of IPOs that our team at SWI suspects could be big winners.
During the days or weeks before those IPOs, we will provide you with hopefully useful information to aid your investment decision, either directly in the IPO via your broker (if you can get shares), or as early as possible in the public market during the first minutes or days of the stock commencing with trading. After a prolonged scarcity of IPOs last year, our first candidate could be a significant opportunity; if priced correctly.
- Starting price range of $14 to $16 per share
- The top end would value the Los Angeles technology company at more than $22 billion.
- Expected to be the largest IPO ever for a Los Angeles firm and the biggest since Alibaba and Facebook.
- Snap Inc. hopes to raise about $2.3 billion in cash
- Existing shareholders plan to sell holdings worth $880 million
- The company could offer another $246 million worth of shares and existing owners another $235 million, for a total sale of $3.7 billion for 230 million share
- Snap Inc. would have about 1.4 billion shares outstanding on a fully diluted basis.
- Investors include Alibaba (NYSE:BABA, Coatue Management, Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Yahoo! and others.
The company started as a self-destructing photo messaging app, but has added features for texting, video sharing, money transfers and news to become the leading entertainment hub for 158 million daily users — most of them young adults. The IPO is expected to launch in early March, no definite date has been set yet.
We are digging deeper - More crucial information to follow
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Rainer Poertner - Chief Analyst
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