Snap shares (#SnapChat's parent company) soared from an #IPO price of $17 to $24.48 by the end of trading on its debut, an increase of 44%.
🚀 @PerspectiveIX
🌀 http://prs.pctvix.co/TelegramIX
🚀 @PerspectiveIX
🌀 http://prs.pctvix.co/TelegramIX
For the first time since its IPO, yesterday, #Snapchat’s parent company #Snap dropped below its #IPO price of $17 to $16.99, ↓37% from its high of $27.09 in March.
🚀 https://t.me/PerspectiveIX
🚀 https://t.me/PerspectiveIX
🎧 Spotify's first day on NYSE
Eschewing the typical #IPO song and dance in favour of a direct listing, music streamer #Spotify made its debut on the New York Stock Exchange (#NYSE) yesterday in one of the most anticipated tech-related offerings since Snap’s IPO in March of last year.
If first impressions count for anything, Spotify’s first day of public trading was mixed. Shares closed down about 10% from their opening price, but above the reference price first set by the NYSE.
Here’s how things shook out:
- NYSE set a reference price of $132
- Shares made their debut with an opening price of $165.90
- Shares peaked at $169 shortly after trading began
- Shares closed at $149.01
🎁 BONUS: Here's How $1 Flows From Spotify to Recording Artists
Each song streamed on Spotify is worth a fraction of a cent, and the ultimate payday for artists is as dependent on their record deal as on their stream count. This summary, based on figures from 2016, examines the path of a hypothetical dollar as it makes its way to three types of artists.
🚀 @PerspectiveIX
🎼 http://prs.pctvix.co/2pfPJ5p
Eschewing the typical #IPO song and dance in favour of a direct listing, music streamer #Spotify made its debut on the New York Stock Exchange (#NYSE) yesterday in one of the most anticipated tech-related offerings since Snap’s IPO in March of last year.
If first impressions count for anything, Spotify’s first day of public trading was mixed. Shares closed down about 10% from their opening price, but above the reference price first set by the NYSE.
Here’s how things shook out:
- NYSE set a reference price of $132
- Shares made their debut with an opening price of $165.90
- Shares peaked at $169 shortly after trading began
- Shares closed at $149.01
🎁 BONUS: Here's How $1 Flows From Spotify to Recording Artists
Each song streamed on Spotify is worth a fraction of a cent, and the ultimate payday for artists is as dependent on their record deal as on their stream count. This summary, based on figures from 2016, examines the path of a hypothetical dollar as it makes its way to three types of artists.
🚀 @PerspectiveIX
🎼 http://prs.pctvix.co/2pfPJ5p
📌 How Pinterest Compares to Other Social Networks Pre-IPO
#Pinterest announced the price range for its long-awaited initial public offering (#IPO) on Monday morning. The social media company, slated for a public trading debut next week, plans to sell 75,000,000 shares at a price of $15 to $17. At this price range, Pinterest would be valued between $10 and $11.3 billion, surprisingly lower than the $12.3 billion valuation it had when it last raised capital as a private company in 2017. It would also be less than half the valuation that Snap (#Snapchat's parent company) was given in its much-hyped IPO in 2017, despite the fact that Pinterest has more users and is closer to profitability than Snap was ahead of its public trading debut in March 2017.
As the following chart illustrates, Pinterest generated $756 million in revenue last year, posting a net loss of $63 million. In the year leading up to Snap’s $24 billion IPO, its revenue and net loss amounted to $405 and -$515, respectively. Snap had 158 million daily active users by the time it went public, while Pinterest had 265 million monthly active users at the end of 2018. Pinterest also compares favorably to #Twitter, which went public in November 2013 at a $14 billion valuation with less to show for than Pinterest has now.
🚀 @PerspectiveIX via Statista.
❓ Which one is your favourite among their apps?
#Pinterest announced the price range for its long-awaited initial public offering (#IPO) on Monday morning. The social media company, slated for a public trading debut next week, plans to sell 75,000,000 shares at a price of $15 to $17. At this price range, Pinterest would be valued between $10 and $11.3 billion, surprisingly lower than the $12.3 billion valuation it had when it last raised capital as a private company in 2017. It would also be less than half the valuation that Snap (#Snapchat's parent company) was given in its much-hyped IPO in 2017, despite the fact that Pinterest has more users and is closer to profitability than Snap was ahead of its public trading debut in March 2017.
As the following chart illustrates, Pinterest generated $756 million in revenue last year, posting a net loss of $63 million. In the year leading up to Snap’s $24 billion IPO, its revenue and net loss amounted to $405 and -$515, respectively. Snap had 158 million daily active users by the time it went public, while Pinterest had 265 million monthly active users at the end of 2018. Pinterest also compares favorably to #Twitter, which went public in November 2013 at a $14 billion valuation with less to show for than Pinterest has now.
🚀 @PerspectiveIX via Statista.
❓ Which one is your favourite among their apps?
