SNAP IPO - Anyone?

[Disappointed]

Got an email from Fido inviting me to participate in the IPO, however, many believe the company can't make money, kind of like TWTR.

What do you think?

 

[pb4uski]

Maybe right, but isn't the play really the IPO pop... if all goes right a quick in and out at a nice profit (albeit STCG).

 

[bmcgonig]

The old rule of thumb used to be that if they're offering shares to the likes of us, then the "smart big money" doesn't want those particular shares. Not sure that still applies, or that it applies to you.

 

[NW-Bound]

Show me the money.

Revenue in 2016 of about $400M. Spent $900M, so a net loss of $500M.

OK. I will wait until I see the "real" money.

 

[Aerides]

Not for me.

I play a teeny bit, and picked up 25 shares of FB on IPO day just via my normal online account. I paid about $2 over the initial price, (42 vs. 40) and then proceeded to watch it trade in the 20's for about the next year or so. Today, with it over $130, I feel smart, but smart enough to know that was more luck than anything.

Twitter, I avoided, not wishing to push my luck. Good call there. Snap? Would not go near it with a 10 foot pole.

OTOH, I think FB might still be a buy for long tails...but now out of my mad-money range.

 

[RockyMtn]

If some is offered via Schwab (not on the IPO calendar at this time) I will probably take a shot. Will own it for all of about thirty minutes regardless of what happens on the open.

 

[NW-Bound]

There's always time to buy a stock later after IPO. The pitch is almost like that of a car salesman: you have to buy today, because the sale ends tomorrow.

Still, many stocks jumped up after IPO during the dot-com era. I should remember to monitor SNAP price movement after IPO as it is a measure of investor sentiment. That would have a bearing on the market as a whole.

 

[RockyMtn]

Snap IPO COTP is up on the Schwab IPO page. Max is 5000 shares. No idea how many shares Schwab was allocated. Will probably stick my toe in the water....a little!