Feb 13, 2017

Snap could unveil IPO terms this week

Photo illustration by Greg Ruben / Axios

Snap could disclose its IPO pricing plans by the end of this week, sharing how much it hopes to be worth and how much ownership it is willing to give up.

Classic calendar: Snap filed its publicly-available S-1 document with the SEC on Thursday, Feb. 2, and there is then a 15-day waiting period before it's allowed to begin its roadshow (which usually coincides with publicizing pricing terms). That would work out to this Friday, with the actual IPO possible by early March.

Caution: These timelines are minimums (i.e., if Snap moves as fast a possible), but there is no indication that the Los Angeles-based company plans to take its time.

Go deeper

Axios

Coronavirus updates: Market ends worst week since financial crisis

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The stock market ended its worst week since the financial crisis, prompting the Fed to release a statement. Meanwhile, the WHO warned that countries are losing their chance to contain the novel coronavirus and raised its global risk assessment to "very high" Friday.

The big picture: COVID-19 has killed more than 2,860 people and infected more than 84,000 others in over 60 countries and territories outside the epicenter in mainland China. The number of new cases reported outside China now exceed those inside the country.

Go deeperUpdated 8 hours ago - Health

Marisa Fernandez, Orion Rummler

California coronavirus: Latest case has no recent history of international travel

Gov. Gavin Newsom. Photo: Kevork Djansezian/Getty Images

A new case of the novel coronavirus in California was announced on Friday after Gov. Gavin Newsom said Thursday that 33 people had tested positive for the virus, noting the risk to the public remains low.

What's new: An adult woman with chronic health conditions in Santa Clara County who "did not recently travel overseas" or come into contact with anyone known to be ill was confirmed to have contracted the coronavirus on Friday by CDC and California Department of Public Health officials.

Go deeperUpdated 8 hours ago - Health

Ina Fried

Big video game conference delayed amid coronavirus concerns

Photo: GDC

Next month's Game Developers Conference in San Francisco became the latest tech event to be cancelled or postponed amid growing concerns over the spread of the novel coronavirus.

The big picture: A growing number of events are being scrapped, including Mobile World Congress and Facebook's F8 developer conference. Some, like the giant SXSW event in Austin, insist they are moving forward.

Go deeper8 hours ago - Technology