Snapchat Ipo 10 Times Oversubscribed

Discussion in 'General Trading Discussion' started by longtermbull, Mar 4, 2017.

    Mar 4, 2017
  1. longtermbull

    longtermbull Administrator Staff Member

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    The forthcoming IPO for Snap, the parent company of Snapchat, has received some mixed press over the last few weeks. The shares will officially start trading on Thursday and after initially reducing its expected pricing arrange to between $14 and $16, sources close to the company have revealed the price will actually be $17. So, what does this say about this much awaited IPO, what can we expect when trading starts on Thursday?

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    longtermbull, Mar 4, 2017
    longtermbull, Mar 4, 2017
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    2. Mar 4, 2017
  2. ciao

    ciao Senior Investor

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    unless I misunderstand your post that IPO already been this week (Thursday
    Snap Inc. (SNAP)
    27.09+2.61 (+10.66%)
    At close: March 3 4:00PM EST
    it reach over $29
     
    ciao, Mar 4, 2017
    ciao, Mar 4, 2017
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    3. Mar 4, 2017
  3. longtermbull

    longtermbull Administrator Staff Member

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    Sorry, the article was from earlier this week so you are right it is out of date now. Great introduction for SNAP!
     
    longtermbull, Mar 4, 2017
    longtermbull, Mar 4, 2017
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