Tech Company Inital Public Offerings
Snap IPO
Snap, based in Venice, debuted as a public company on 3/1/2017.
Transaction Overview
Company Name
Announced On
3/1/2017
Transaction Type
IPO
Amount
$3,400,000,000
Proceeds Purpose
The principal purposes of this offering are to increase our capitalization and financial flexibility and create a public market for our Class A common stock. We intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses, and capital expenditures. We may use a portion of the net proceeds to acquire complementary businesses, products, services, or technologies. However, we do not have agreements or commitments for any material acquisitions at this time. We intend to use some of the net proceeds to satisfy tax withholding obligations related to the vesting and settlement of RSUs, which will begin to vest after the completion of this offering.
Company Information
Company Status
Publicly-held
Industry
Internet & IoT
Mailing Address
63 Market St.
Venice, CA 90291
USA
Venice, CA 90291
USA
Phone
Website
Email Address
Not Recorded
Overview
Snap (NASDAQ: SNAP) is a new way to share photos with friends and family. We're making social media fun again. And we're totally mobile.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Evan Spiegel
Chief Financial Officer
Drew Vollero
Chief Technical Officer
Bobby Murphy
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We do our best to document every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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