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CALIFORNIA CORPORATE & SECURITIES LAW

Qualification Of Offers And Sales Of Non-Voting Common Stock Is No Snap In California

In March, Snap Inc. announced that it and the selling stockholders had sold of 230 million shares of Class A Common Stock to the public at an initial public offering price of $17.00 per share. ┬áThe gross proceeds of the offering to the company and its selling stockholders was $3.91 billion. Even successful offerings have…

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