An IPO, or Initial Public Offering, is a company's first introduction to the public market. They can be quiet affairs or major events depending on the company's profile.
Snapchat still isn’t profitable nearly two years after its IPO. In Q4 2019, Snap lost $241 million on 560.8 million in revenue that’s up 44% year-over-year and an EPS of $0.03. That comes from adding 8 million daily users to reach a total of 218, up 3.8% this quarter from 210 million and 17% year-over-year.
“There have been thoughts of an IPO, but remaining private should give the company flexibility without the quarterly pressure to refine its strategy, make necessary investments in the platform and achieve the growth rates that would make the company more of an exciting IPO,” he said.
Snowflake, the cloud-based data warehouse company, doesn’t tend to do small rounds. On Friday night word leaked out about its latest mega round. This one was for $479 million on a $12.4 billion valuation. That’s triple the company’s previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the company’s next finance event is likely an IPO.
Cofactor is a large, structured listing of people, places, and things. Here you can find the description of each topic.