Snapchat will file for IPO next week | Hacker News Reader

Snapchat will file for IPO next week

venturebeat.com

71 pointsdennysetiady30 comments

This might be what's needed to really fire up the tech industry in Los Angeles. Hopefully a critical mass of the newly rich Snapchat employees stick around in Venice and the westside to seed future growth.

Then again, there goes the neighborhood.

Will be interesting to see delta between next week's financials and leaked financials from 2015

I don't know, having an IPO at the tail end of one of the biggest bull markets doesn't bode well for me. I'm expecting a major pull-back in stocks either this year or next. I don't see Snap doing well, at least short-term.

Could be the bang that pops the bubble.

yeah, and I wouldn't be surprised if it does really well in the very beginning. Bubbles oftentimes have an even bigger spike at the very end.

Current valuations:

- Facebook: $350B

- Twitter: $15.7B

- Snapchat (projected): $20-25B

- IAC (owns Tinder): $5.45B

Interesting (and probably appropriate) that the market is pricing Snapchat closer to Twitter.

>Interesting (and probably appropriate) that the market is pricing

I'd be cautious in considering the valuation at last funding round to be "the market".

Fair point!

> IAC (owns Tinder): $5.45B

And Vimeo, and a bunch of other stuff: https://en.wikipedia.org/wiki/IAC_(company)

What is the easiest (step by step) way to buy stocks at an initial public offering?

I bought FB on their IPO day, as a retail investor you'll not get it early, took a few hours for some to become available, so the IPO price is not what you'll pay.

Or, be a big-money account with the underwriting bank. They can get you these shares at base.

Step 1. Create an investment bank. Step 2. Make a close relationship to the institution managing the IPO. Step 3. Too late, the existing big banks get dibs.

They might be willing to sell you some scraps after the price has been run up into the stratosphere and all of the incumbents have made their profit.

A better strategy:

1. Wait a while

2. Buy them cheap

3. Wait some more

4. Now they are even cheaper, duhhh!

In the past, I was able to work with my broker to express interest during the book building process [0] of previous IPO's. My full-service broker at the time was a lead underwriter in that deal. This time, it looks like Morgan and GS are leads [1]. Morgan may still allow retail investor participation, but not sure.

[0] http://www.investopedia.com/terms/b/bookbuilding.asp [1] http://www.investors.com/news/technology/snapchat-said-to-se...

hurray! March is going to be fun. September will be a good time to be selling luxury goods when the employees are able to liquidate no matter what the share price does.

A transfer of wealth to Los Angeles -- Let's hope this can help the movie industry.

Company name is 'Snap', not Snapchat.

They do call it "Snap, inc" in the first line of the text.

This IPO is going to be incredibly interesting to track. Facebook and Instagram have been cloning Snapchat features as fast as they can, and Snow (Korean Snapchat) is growing rapidly in non-western markets.

Who would be investing in it? Non-millennials?

Plenty of millennial in the target audience of this website are doing A-OK and are perfectly able to invest, though perhaps not afford a house in Silicon Valley.

Who else can afford to? XD

Is their plan still to make money via ads in the stories?

How will Facebook's new features (basically a clone of Snapchat) affect this?

> How will Facebook's new features (basically a clone of Snapchat) affect this?

Just based on usage within my circle, I don't see FB's clone attempts affecting Snapchat at all. FB is actually starting to piss me off with all of the spammy push notifications they keep sending out. If anything they're going to lose market share from people like me uninstalling their apps.

"(name) just posted for the first time in awhile" "(name) just started a live stream".

The Facebook app is incredibly hungry (on Android). Dropping the all brought me hours of battery life and per charge and hours per day from no longer finding myself randomly vegging on my feed.

I use a home screen web shortcut - it looks like an app and runs quickly. You won't regret the jump.

Yup. I've also found that I check FB less often using the mobile site, which has also been good.

They also sell geo/chrono filters[1].

[1] https://www.snapchat.com/on-demand

The last Messenger update is literally Facebook's 4th attempt to clone snapchat (poke, slingshot, IG updates, now this). They're desperate.

Anecdotally, I've seen a steadily decreasing stream of posts on Snapchat stories and a steadily increasing stream of posts on the equivalent IG feature.

Unknown! All of these are unkowns.

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