Snail, Inc.
| General Information | |
| Business: | (Note: Snail, Inc. priced its IPO on Nov. 9, 2022, at $5.00 a share on 3.0 million shares – in line with the terms in its revised prospectus – to raise $15.0 million.)We are a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world. (Incorporated in Delaware) We have built a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices. For four of the last six years ended December 2021, most recently in 2020, ARK: Survival Evolved was a top-25 seller on the Steam platform across all game genres. Our expertise in technology, in-game ecosystems and monetization of online multiplayer games has enabled us to assemble a broad portfolio of intellectual property across multiple media formats and technology platforms. Our flagship franchise from which we generate the substantial majority of our revenues, ARK: Survival Evolved, is a leader within the sandbox survival genre with over 76.9 million console and PC installs, which include 38.4 million installs from free promotions, through June 30, 2022. In the six months ended June 30, 2022, ARK: Survival Evolved averaged a total of 395,150 daily active users (“DAUs”) on the Steam and Epic platforms, and we experienced a peak of approximately 755,000 DAUs in June 2020. We define “daily active users” as the number of unique users who play any given game on any given day.
**Note: Revenue and net income figures are for the fiscal year that ended Dec. 31, 2021.
(Note: Snail, Inc. cut the size of its IPO in half an S-1/A filing dated Oct. 26, 2022, by reducing the number of shares to 3.0 million shares, down from 5.0 million shares, and cutting the price range to $4.00 to $6.00, down from $5.00 to $7.00 previously. Estimated IPO proceeds: $15.0 million – or half of the previous estimate. Background – Previous Filings: Snail, Inc. disclosed its IPO terms in an S-1/A filing dated Oct. 17, 2022: 5.0 million shares at $5.00 to $7.00 to raise $30.0 million. Snail filed its S-1 on Sept. 16, 2022, with US Tiger Securities and EF Hutton as the joint book-runners – nearly 10 months after filing confidential IPO documents in early November 2021 with BofA Securities as the sole book-runner.) |
| Industry: | Services - Pre-Packaged Software |
| Employees: | 63 |
| Founded: | 2009 |
| Contact Information | |
| Address | 12049 Jefferson Boulevard Culver City, CA 90230 |
| Phone Number | 1 (310) 988-0643 |
| Web Address | https://www.snailgamesusa.com/ |
| View Prospectus: | Snail, Inc. |
| Financial Information | |
| Market Cap | $190.0mil |
| Revenues | $106.7 mil (last 12 months) |
| Net Income | $7.9 mil (last 12 months) |
| IPO Profile | |
| Symbol | SNAL |
| Exchange | NASDAQ |
| Shares (millions): | 3.0 |
| Price range | $5.00 - $5.00 |
| Est. $ Volume | $15.0 mil |
| Manager / Joint Managers | US Tiger Securities, Inc./ EF Hutton |
| CO-Managers | |
| Expected To Trade: | 11/10/2022 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |