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You can find the current article at its original source at http://www.nytimes.com/2017/02/02/business/dealbook/what-snaps-ipo-filing-reveals-about-the-company.html
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| What Snap’s I.P.O. Filing Reveals About the Company | What Snap’s I.P.O. Filing Reveals About the Company |
| (about 1 hour later) | |
| Snap, the parent of Snapchat, disclosed several important aspects of its business in its initial public offering document. The complete filing is here. Below are notable excerpts. | Snap, the parent of Snapchat, disclosed several important aspects of its business in its initial public offering document. The complete filing is here. Below are notable excerpts. |
| The company has attracted a number of prominent backers, who are expected to reap handsome rewards — if only on paper — in the initial public offering. Among them are investment firms like Benchmark Capital, which owns about 13 percent of the company. | |
| Snap’s offering is being led by Morgan Stanley and Goldman Sachs. Morgan Stanley won the desired “lead left” position on the prospectus. The bank also led Facebook’s initial public offering. | Snap’s offering is being led by Morgan Stanley and Goldman Sachs. Morgan Stanley won the desired “lead left” position on the prospectus. The bank also led Facebook’s initial public offering. |