#Asia Temasek Holdings revealed as high-profile investor in Snapchat parent company

//

Apart from Temasek Holdings, Fidelity Management & Research and Coatue Management were among the list of investors

snapchat_ipo

Singapore state investment firm Temasek Holdings is one of the institutional investors detailing stakes in Snapchat’s parent company Snap, according to filings with the US Securities and Exchange Commission revealed on Monday.

According to Bloomberg data, Temasek owns 300,000 shares which would account for 0.04 per cent of Snap’s 682.1 million shares outstanding as of April 30.

Apart from Temasek, Fidelity Management & Research and Coatue Management were among the list of investors, with the two companies reportedly participated in pre-IPO funding rounds for Snap.

Also Read: Moshe Hogeg just sold Mobli’s Geofilters patent to Snapchat for US$7.7M

Snap has been making headlines last week when its value plummets to nearly a quarter, following a reported US$2.2 billion loss and slowing growth.

Wednesday was the first time the company had to share their earnings publicly as a consequence of their IPO in March.

With a value of US$28 billion, The Guardian reported that the shares closed on Wednesday at US$22.98 and fell close to 25 per cent in after hours trading.

The fall continues on Thursday as it closed at $18.05, a loss in value of close to US$6 billion.

Snap’s loss is seen as a victory for Facebook as it continues to “push into Snap’s territory” with the launch of similar features on its platforms such as Whatsapp and Instagram.

Snap CEO Evan Spiegel had spoken about the company’s refusal to use growth hacking techniques, as used by many other companies, including the use of push notifications.

Image Credit: dennizn / 123RF Stock Photo

The post Temasek Holdings revealed as high-profile investor in Snapchat parent company appeared first on e27.

from e27 http://ift.tt/2qmx2yY

Ce contenu a été publié dans #Asia par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !