![]() ![]() See Underwriting for a description of the compensation payable to the underwriters.Īt our request, the underwriters have reserved up to 7.0% of the shares of Class A common stock offered by See Risk Factors beginning on page 15 to read about factors you should consider before Public company reporting requirements, and may elect to comply with reduced public company reporting requirements in future filings. We are an emerging growth company under the Jumpstart Our Business Startups Act of 2012, have elected to comply with reduced Our Class A common stock has been approved for listing on the New York Stock Exchange under the symbol The initial public offering price is $17.00 per share. Offering, there has been no public market for our Class A common stock. Outstanding capital stock following this offering. The Class C common stock, which is held by our founders, each of whom is an executive officer and a director of the company, will represent approximately 88.5% of the voting power of our Each share of Class C common stock is entitled to ten votes and isĬonvertible into one share of Class B common stock. Each share of Class B common stock is entitled to one vote and is convertible into one share of Class A common stock. ![]() ![]() Offering will therefore not be entitled to any votes. Anyone purchasing Class A common stock in this The rights of the holders ofĬlass A common stock, Class B common stock, and Class C common stock are identical, except with respect to voting, conversion, and transfer rights. We have three classes of common stock: Class A common stock, Class B common stock, and Class C common stock. We will not receive any of the proceeds from the sale of the shares being sold by the selling stockholders. Prospectus are offering an additional 55,000,000 shares of Class A common stock. The selling stockholders identified in this is offering to sell 145,000,000 shares of Class A common stock in this offering. This is an initial public offering of shares of non-voting Class A common stock of Snap Inc. ![]()
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