Snap was able to confidentially file its paperwork with the Securities and Exchange Commission in November because it has annual revenue of under $1 billion. Once its paperwork, or S-1, is made public, potential investors will be able to scrutinize the Los Angeles-based company's financials for the first time.
ADVERTISEMENT
We're about to learn everything we've wanted to know about tech's most secretive company
Snapchat's parent company, Snap Inc., is planning to officially unveil its initial public offering prospectus this week, setting the wheels in motion for what's likely to be the largest tech debut in years.
Snap Inc CEO Evan Spiegel.
Much of how Snap operates has been shrouded in secrecy since cofounders Evan Spiegel and Bobby Murphy launched the Snapchat app in 2011.
Snap is looking to float shares to the public at a $25 billion valuation, but there are still plenty of unknowns about the company's business and its future prospects, which the S-1 should provide some more color about.
Here are some of the top questions about Snap that investors will be looking for answers to:
ADVERTISEMENT
Portia Crowe contributed reporting.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT