Snap, the mother house of the mobile messaging Snapchat, has quietly launched its entry procedure to Wall Street by filing its project confidentially with the police, u.s. stock exchange (SEC), said on Tuesday the Wall Street Journal.
The election of Trump ? No influence. The deposit has been held before the american presidential election, and the surprise victory of Donald Trump has not questioned the company’s plans to launch on the market in the month of march, said a source close to the dossier in the journal. A spokesman for Snap declined to comment.
Between 20 and 25 billion. according To the Wall Street Journal, the operation should be done on the basis of a total value of Snap between 20 and 25 billion, which would make it one of the ipos in the technology sector, since in 2014 the chinese giant of e-commerce Alibaba. At its last fundraising in may, the company was valued at a little less than $ 18 billion.
The same procedure as Twitter. Snap has initiated its work with the SEC using a provision of the legislation in u.s. equity allowing companies generating less than a billion dollars of revenue to prepare an introduction in a confidential manner. This exemption from publishing financial information until 21 days before the start of the “roadshow” the roadshow to investors before the ipo. The procedure had been used in 2013 by Twitter or in the last year by the society of mobile payments Square.
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