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After August 14th 1B Snap shares can flood market, only 200M traded today

1 pointsby propmanalmost 8 years ago

1 comment

propmanalmost 8 years ago
<a href="https:&#x2F;&#x2F;www.reuters.com&#x2F;article&#x2F;us-snap-stock-idUSKBN1AD1B5" rel="nofollow">https:&#x2F;&#x2F;www.reuters.com&#x2F;article&#x2F;us-snap-stock-idUSKBN1AD1B5</a><p>Explains this as well, 782 million shares from employees but 400 million from Evan and cofounder and 400 million from early investors. I assume employees would sell quite a bit, estimates are there will be over twice the amount of Shares currently being traded. Investors can trade on Monday, employees on the 14th