According to Dow Jones, Snapchat is preparing to dump all of their overvalued shares on the marketplace, as early as March of 2017. The proposed valuation by their esteemed venture capitalists and investment bankers: TWENTY FIVE FUCKING BILLION DOLLARS.
Don’t worry about valuation, lads. The company says they’re on pace to hit the top end of their projected revenue range of $250-350 million — which would place the valuation of this fantastic company at 100x sales.
Also, their last equity raise put the valuation at a tad under $18 billion, which would give those late investors an instant 41% profit upon coming public.
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Fuckery
The float will be quite small initially to boost the shares followed by massive distribution when lockups expire. 25 Billion valuation with what kind of profits? It’s going to take an extraordinary effort to keep this pumped up. The ever receding imminent bonanza.
Depravity, Mr. Fly. The Roman emperors would blush.
doesn’t everything trade at or above 100x sales now a days?
Crap like this gives Bernie Madoff a good name.
Market will be in 17,000’s in March 2017
IPO won’t happen
S&P500 to 17,000s, Dow to infinity and a loaf of bread for $75, by then snapchat should be 1,000000x sales
My girlfriend is inappropriately younger than I am so I am the rare Snapchat user who is over 30….ahem 40. Their app is done very well and has a big following. Usability is top notch and their content hits that sweet spot of entertainment in soundbite sized video. I can catch up on an NFL game in 90 seconds and get the first person feel of being there.
So on one hand I can see it surviving very well.
On the other hand that IPO could mark the top of this market.
Riots and beatings must be snap chatted and shared. Must own name for the apocalypse.