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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

Supreme Court agrees to hear challenges to Texas abortion law

Photo: Saul Loeb/AFP via Getty Images

The Supreme Court on Friday agreed to hear two cases challenging Texas' abortion law, which bans the procedure as soon as six weeks into pregnancy, but left the law in place in the meantime.

Why it matters: The court is moving extraordinarily fast on the Texas case, compressing into just a few days a process that normally takes months. And that schedule means the court will take up Texas' ban a month before it hears another major abortion case — a challenge to Mississippi's ban on abortions after 15 weeks.

Officials warn 5 key tech sectors will determine whether China overtakes U.S.

Illustration: Aïda Amer/Axios

U.S. intelligence officials responsible for protecting advanced technologies have narrowed their focus to five key sectors: artificial intelligence, quantum computing, biotechnology, semiconductors and autonomous systems.

Why it matters: China and Russia are employing a variety of legal and illegal methods to undermine and overtake U.S. dominance in these critical industries, officials warned in a new paper. Their success will determine "whether America remains the world’s leading superpower or is eclipsed by strategic competitors."

5 hours ago - Health

Pfizer says COVID vaccine over 90% effective in kids

Photo: Michael M. Santiago/Getty Images

Pfizer and BioNTech said their COVID-19 vaccine was more than 90% effective at protecting children between the ages of 5 and 11 from symptomatic infections from the virus, according to a study posted online by the FDA Friday.

Why it matters: Pfizer is seeking an emergency use authorization to vaccinate children — one of the last groups of Americans still largely ineligible to receive a coronavirus vaccine.