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12-02-2017, 01:55 PM
(This post was last modified: 17-03-2017, 07:41 PM by cyclone.
Edit Reason: Added writer and date
)
Snapchat IPO Confusion Costing Some Investors
by Jeff Bukhari,Stephen Gandel
Feb 10, 2017
Some investors, it appears, are already losing money on the Snapchat IPO.
On Friday, shares of Snap Interactive dropped 10% to just over $8 mid-day Friday, reversing a huge run up in the stock price, which got as high as $9.98 at one point—a 122% jump from $4.50—since the owner of the fast growing photo sharing app filed in early February for its IPO, which is expected to be one of the market's hottest deals in years.
Here's the thing: Snap Interactive, the company that's stock has soared it appears on investor interest in Snapchat, is not actually the parent company of the popular disappearing message app. That's Snap Inc. and its shares are not traded yet, and probably won't be for a little while, since it just filed to go public.
More details in http://fortune.com/2017/02/10/snapchat-i...investors/
by Jeff Bukhari,Stephen Gandel
Feb 10, 2017
Some investors, it appears, are already losing money on the Snapchat IPO.
On Friday, shares of Snap Interactive dropped 10% to just over $8 mid-day Friday, reversing a huge run up in the stock price, which got as high as $9.98 at one point—a 122% jump from $4.50—since the owner of the fast growing photo sharing app filed in early February for its IPO, which is expected to be one of the market's hottest deals in years.
Here's the thing: Snap Interactive, the company that's stock has soared it appears on investor interest in Snapchat, is not actually the parent company of the popular disappearing message app. That's Snap Inc. and its shares are not traded yet, and probably won't be for a little while, since it just filed to go public.
More details in http://fortune.com/2017/02/10/snapchat-i...investors/
Specuvestor: Asset - Business - Structure.