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ARTICLE · 09 MARCH 2017

A Deep Dive Into Privacy/Security Disclosures In Snap's S-1

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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As a public company, Snap will be subject to extensive public filing and disclosure requirements, including, to the extent material, security and privacy.

United StatesPrivacy

Last week, Snap Inc. ("Snap" or the "Company") – the parent company of the wildly popular app Snapchat ("Snapchat" or the "App") – became a publicly traded company on the New York Stock Exchange in the biggest tech IPO since Alibaba in 2014. Priced at $17 per share, the Snap stock opened at $24 per share on Thursday morning and closed at $24.48 per share, bringing the Company's market capitalization to approximately $28 billion. In today's post, we're taking a closer look at Snap's S-1 filing ("Snap S-1") with the U.S. Securities and Exchange Commission (SEC) with a particular focus on the Company's disclosures of risk factors associated with cybersecurity and privacy risks.

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