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 story : Snap One looks to raise up to 1 million, to be valued at up to .6 billion as IPO terms were set #FinanceUSA #StockMarketNEWS Snap One Holdings Corp. has set terms for its initial public offering,

@stockMarketNEWS 17 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Snap One looks to raise up to 1 million, to be valued at up to .6 billion as IPO terms were set #FinanceUSA #StockMarketNEWS
Snap One Holdings Corp. has set terms for its initial public offering, in which the North Carolina-based provider of products and support to its professional integrator-customers could be valued at up to .57 billion. The company is offering 13.85 million shares in the IPO, which is expected to price between and a share, to raise up to 0.85 million. The stock is expected to list on the Nasdaq under the ticker symbol "SNPO." The company expects to have 74.99 million shares outstanding after the IPO. The 12 underwriters of the IPO are led by Morgan Stanley, J.P. Morgan, Jefferies and UBS Investment Bank. The company recorded a net loss of .0 million on revenue of 0.5 million in the quarter ended March 26, after a loss of .0 million on revenue of 2.6 million in the same period a year ago. The company is looking to go public at a time of tepid investor demand for IPOs, as the Renaissance IPO ETF has lost 4.3% over the past three months while the S&P 500 has gained 3.9%.


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