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by rdlecler1
3877 days ago
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If they are guaranteed to at least get their money back AND they did a 25% write down, then they are assuming that if there was a liquidity event tomorrow, that that would only get back $0.75 on the dollar, and others less senior get $0. This means that SnapChats valuation mark-to-market price is only $462M because that is all they feel that could be recouped. |
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