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A comment on Snapchat Seeks to Raise as Much as $4B in IPO. Parent comment

Re:Snapchat Seeks to Raise as Much as $4B in IPO by TAForObvReasons on Wednesday October 26, 2016 @04:35PM (#12800230)
Building a war chest to purchase the next company or act quickly. You need to have the cash on hand, and that can't happen overnight. They need not spend the money today.
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Re:Snapchat Seeks to Raise as Much as $4B in IPO by josho on Wednesday October 26, 2016 @05:33PM (#12800838)
That's typically a bad reason to give to an investor.
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