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by argigg
3406 days ago
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If the company is successful, they will pay a dividend or do a buyback later. For example, Facebook raised $16B in its IPO, and recently bought back $6B worth of shares at about 4 times the IPO price. The IPO was a great deal for common shareholders, despite their lack of control. Perversely, the comparison to Facebook might bias people to pay more for Snapchat shares with no voting power. |
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