The biggest IPO since Facebook could happen within the next 60 days. The company is Snap, and next week its detailed IPO filings could be made public.
Late last year, Snap secretly filed for its Initial Public Offering or IPO with the Securities and Exchange Commission. Because the company has revenues of less than $1 billion, it’s allowed to keep its filings private.
Right now, you can grab a stake in Snap before its IPO. Click here for details.
Snap is the parent company of Snapchat, a rapidly growing messaging application. The company has 150 million active users, and advertising sales this year could top $1 billion.
When Facebook launched, it initially targeted college students. But as the social network has grown, the company’s user based has expanded, too. This means that parents and grandparents are also using Facebook.
In response, many teenagers and college students have moved away from Facebook. In vast numbers, they’ve been flocking to Snapchat.
As a result, Snap has an attractive audience of very active young users. The demographic has been hard for advertisers to reach in other mediums, making Snap advertising an attractive solution.
Huge Snap IPO Market Cap
A few years ago, Facebook realized that this was happening. And in 2013, Mark Zuckerberg offered $3 billion to buy Snapchat.
Snapchat CEO Evan Spiegel was criticized in the media for turning down the deal. Looking back, it’s clear that he’s made the right decision by holding out.
Snap has raised a total of $2.4 billion from investors. Its last private financing took place in May 2016 at a valuation of $17.8 billion.
After publicly releasing its IPO documents next week, Snap will begin a roadshow on Wall Street. These meetings will allow company execs and their bankers to pitch Snap to institutional investors.
The Snap IPO is expected to have a market capitalization of $20 billion to $25 billion, according to The Wall Street Journal.
That valuation would make this the biggest U.S. technology IPO since Facebook went public in 2012.
More IPOs in 2017
Of course, the Snap IPO isn’t the only big IPO that will happen in 2017.
After two slow years for initial public offerings, we’re expecting many big IPOs in the next year. These could include Airbnb, Dropbox, Palantir and Uber.
Tomorrow, I’m hosting an exclusive event to reveal details. I’ll explain exactly WHY 2017 could be a great year for initial public offerings. Plus, I’ll share names of top private companies that could go public in the coming months.
Even better, I’ll explain how you could invest in these top private growth companies BEFORE they go public.
Access this live presentation now. Just click here to RSVP.
P.S. I’ve never shared this presentation before. This is going LIVE for the very first time. Join me tomorrow at 12 p.m. Eastern / 9 a.m. Pacific.
Just confirm your spot right now.