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We don't know exactly when Snap plans to go public, but here's how the timeline would play out if the Los Angeles-based company pushed its pedal to the metal and there were no speed-bumps:

This week: Analyst day, which is when it meets with investment bank analysts for the first timer. They'll see the financials and give feedback that will help drive how many shares the company plans to offer, and at what price.

Next week: The company could file its public S-1 document with the Securities and Exchange Commission (it already has filed a confidential version, per the 2012 JOBS Act).

Week of Feb. 13: Snap could launch its "IPO roadshow," which is when it heads out to meet with large prospective investors like mutual funds and hedge funds. This technically can begin 15 days after the S-1 is filed (down from 21 days in the past), although it would be unusual to begin a roadshow on a Thursday or Friday.

Feb. 23: Snap could wrap up its roadshow and price either the evening of the 22nd or 23rd, and begin trading the next day.

Again, this is the absolute fastest things could progress. A more likely scenario is that each step takes a little bit longer and Snap actually goes public one week later, which likely means a pricing in the first couple of days in March. Expectations continue to be that the company will seek to raise between $4 billion and $5 billion via the IPO.

Go deeper

Caitlin Owens, author of Vitals
4 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.