tmj4 Posted May 12, 2021 Share Posted May 12, 2021 https://restechtoday.com/snapav-to-become-publicly-owned-company/ Wonder how this will help/hurt us C4 dealers/integrators/installers/power users/enthusiasts Quote Link to comment Share on other sites More sharing options...
SMHarman Posted May 12, 2021 Share Posted May 12, 2021 June 2019 they collapsed a listed company CTRL into snap. Why didn't they just reverse takeover back then. Quote Link to comment Share on other sites More sharing options...
OceanDad Posted May 12, 2021 Share Posted May 12, 2021 39 minutes ago, SMHarman said: June 2019 they collapsed a listed company CTRL into snap. Why didn't they just reverse takeover back then. Because they didn't need to. They got to manage the business away from the scrutiny of the public markets and the pressure of quarterly earnings. Now they are attracted by the glut of institutional money looking for a home, the rise of SPAC capital etc. The rise of home working and increasingly sophisticated tech consumers will be a narrative that helps them. The threat of Apple, Amazon, Google and others will be a worry for investors. And so on. The S-1 doc isn't public yet. That means they are doing the preliminaries at the moment. Their investment bank and management will be having some fireside chats with funds, assessing the appetite, trying to price the stock etc. No guarantee at this stage that the IPO will go ahead. Also, remember that Snap AV is owned by Hellman & Friedman - a private equity fund that have only been in since 2017. Depending on the fund parameters, a 4-5 year ownership is fairly routine. Quote Link to comment Share on other sites More sharing options...
Cyknight Posted May 12, 2021 Share Posted May 12, 2021 2 hours ago, SMHarman said: June 2019 they collapsed a listed company CTRL into snap. Why didn't they just reverse takeover back then. So much easier to buy a public company as a private one than the other way around.... on top of the other reasons already listed Quote Link to comment Share on other sites More sharing options...
Cyknight Posted May 12, 2021 Share Posted May 12, 2021 3 hours ago, tmj4 said: https://restechtoday.com/snapav-to-become-publicly-owned-company/ Wonder how this will help/hurt us C4 dealers/integrators/installers/power users/enthusiasts In and of itself not at all - Control4 was a public company 2-3 years ago already. Quote Link to comment Share on other sites More sharing options...
RAV Posted May 12, 2021 Share Posted May 12, 2021 3 hours ago, tmj4 said: https://restechtoday.com/snapav-to-become-publicly-owned-company/ Wonder how this will help/hurt us C4 dealers/integrators/installers/power users/enthusiasts The excuse will change, that is all. Instead of chip shortage, COVID the reps will go back to say can't talk about it, it's a public company. Quote Link to comment Share on other sites More sharing options...
tmj4 Posted May 12, 2021 Author Share Posted May 12, 2021 1 hour ago, RAV said: The excuse will change, that is all. Instead of chip shortage, COVID the reps will go back to say can't talk about it, it's a public company. Was this something that happened when contacting internal reps when they were a public company? Was before my C4 time... Quote Link to comment Share on other sites More sharing options...
mstafford388 Posted May 13, 2021 Share Posted May 13, 2021 15 hours ago, tmj4 said: Was this something that happened when contacting internal reps when they were a public company? Was before my C4 time... Specifically they couldn't talk about things that hadn't happened yet. Products that weren't released yet, acquisitions, etc due to insider trading restraints. Quote Link to comment Share on other sites More sharing options...
Gary Leeds UK Posted May 13, 2021 Share Posted May 13, 2021 This will be a interesting IPO Hope goes well for them Quote Link to comment Share on other sites More sharing options...
zaphod Posted May 15, 2021 Share Posted May 15, 2021 It will be interesting to see what value Snap is hoping to get. The purchase price of C4 was $680M. FYI - here is a story on the Snap acquisition of C4. https://www.strata-gee.com/the-real-story-of-why-control4-wanted-to-be-acquired/ Quote Link to comment Share on other sites More sharing options...
booch Posted May 23, 2021 Share Posted May 23, 2021 Don't see any downside. H&F is quality, so it's less relevant in this case, but I'd say public companies are more stable from a customer perspective (than PE-backed). And man would I be a buyer at their go-private valuation. So much you could do with this business (even beyond the Snap vertical play, which was sharp)! Quote Link to comment Share on other sites More sharing options...
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