Snap Inc. Announces Closing of Initial Public Offering & Full Exercise of Underwriters’ Option to Purchase Additional Commo...
March 07 2017 - 4:05PM
Business Wire
Snap Inc. (NYSE: SNAP) today announced the closing of its public
offering at $17 per share. Snap and the selling stockholders sold
230,000,000 shares of Class A common stock, including 30,000,000
shares of Class A common stock after the underwriters fully
exercised their option to purchase additional Class A common stock
from Snap and some of the selling stockholders at the initial
public offering price, less the underwriting discount. Snap and the
selling stockholders raised gross proceeds of $3.91 billion from
the offering.
Morgan Stanley, Goldman, Sachs & Co., J.P. Morgan, Deutsche
Bank Securities, Barclays, Credit Suisse and Allen & Company
LLC acted as book-running managers for the offering.
The offering was made only by means of a prospectus. A copy of
the final prospectus related to the offering may be obtained from:
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, New York 10014; Goldman, Sachs
& Co., Attention: Prospectus Department, 200 West Street, New
York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316,
or email: prospectus-ny@ny.email.gs.com; J.P. Morgan Securities
LLC, Attention: Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, telephone: 1-866- 803-9204, or email:
prospectus-eq_fi@jpmchase.com; Deutsche Bank Securities Inc.,
Attention: Prospectus Group, 60 Wall Street, New York, NY 10005,
Telephone: 800-503-4611, or email: prospectus.CPDG@db.com; Barclays
Capital Inc., Attention: Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847, or
email: Barclaysprospectus@broadridge.com; Credit Suisse Securities
(USA) LLC, Attention: Prospectus Department, One Madison Avenue,
New York, New York, 10010, or by telephone at +1 (800) 221-1037, or
by email atnewyork.prospectus@credit-suisse.com; or Allen &
Company LLC, Attention: Prospectus Department, 711 Fifth Avenue,
10th Floor, New York NY 10033, telephone: 212-339-2220, or email:
dweidlein@allenco.com.
A registration statement relating to the offering has been filed
with, and declared effective by, the United States Securities and
Exchange Commission. This press release does not constitute an
offer to sell or a solicitation of an offer to buy, nor will there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation, or sale would be unlawful before
registration or qualification under the securities laws of that
state or jurisdiction.
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