Valuing Snap After the IPO Quiet Period (C)
"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."
- प्रतिलिपि अधिकार:
- 2018 President and Fellows of Harvard College
- Book Quality:
- Harvard Business School Publishing
- Date of Addition:
- Business and Finance,
- Usage Restrictions:
- This is a copyrighted book.
Choosing a Book Format
EPUB is the standard publishing format used by many e-book readers including iBooks, Easy Reader, VoiceDream Reader, etc. This is the most popular and widely used format.
DAISY format is used by GoRead, Read2Go and most Kurzweil devices.
Audio (MP3) format is used by audio only devices, such as iPod.
Braille format is used by Braille output devices.
DAISY Audio format works on DAISY compatible players such as Victor Reader Stream.
Accessible Word format can be unzipped and opened in any tool that supports .docx files.