Should I Invest in an IPO?
Submitted by S. F. Ehrlich Associates, Inc. on June 30th, 2017
June 30, 2017
Snapchat has been in the headlines recently. At first, they were the darling of the initial public offering (IPO) space, with investors clamoring for a chance to purchase the company stock. The first act of that play ended on a high note: on the day of their IPO, March 2, 2017, the stock price finished up 44%, rising from an issuing price of $17 per share to later close at $24.48. Not a bad way to send the audience off to intermission.
Then came Act 2.