Valuing Snap After the IPO Quiet Period (C)
By: and and
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- Synopsis
- "Elizabeth Kemp decided to sell half of her Snap shares on Tuesday, March 28 following the expiration of the quiet period and the 5% price increase on Monday, March 27. She held the remaining 250,000 shares for several months as Snap’s stock price fell from $22.00 to $17.00 (see Exhibit 1). Much of this decline occurred on May 11 when Snap reported its first quarterly results as a public company. The company reported lower than expected growth in the number of DAU; revenue of $150 million versus an expected $158 million; and a loss of $2.2 billion due to a charge of $2 billion for stock-based incentive compensation.1 Snap’s price fell $4.93 (21%) that day from $22.98 to $18.05."
- Copyright:
- 2018
Book Details
- Book Quality:
- Publisher Quality
- Publisher:
- Harvard Business School Publishing
- Date of Addition:
- 12/19/18
- Copyrighted By:
- President and Fellows of Harvard College
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Business and Finance
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.