- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
3
Posted on 3/2/17 at 11:26 am to TheIndulger
Thought it opened at $24?
Posted on 3/2/17 at 11:31 am to Paul Allen
(no message)
This post was edited on 3/2/17 at 11:35 am
Posted on 3/2/17 at 11:36 am to TheIndulger
quote:
So was trading open when this thing was $17? Confused
The offer price was $17. On its first day they take buy and sell orders to start the day, which is why IPO's never trade when the market opens at 9. Once they have enough to they select the opening price based on sell and buy orders.
Posted on 3/2/17 at 11:58 am to TheIndulger
The bankers undervalued and only put out a limited supply of shares to make sure it popped on day 1.
Posted on 3/2/17 at 12:06 pm to usc6158
snapchat current valuation at $25+ is making Tesla look cheap, tesla is a hair higher valuation and considering the annual car market is on the order of 100 million vehicles and tesla is currently selling around 100k cars the room for growth is significantly more than whatever snapchat could possibly blossom into
Posted on 3/2/17 at 12:10 pm to BamaSaint12
The only question is when will I go short. Snap is like twitter. Instagram introduced "stories" and Snap's user growth hit a wall. They have nothing proprietary. Hell, they even listed as a "camera company." Their cost per user has increased as they have scaled, which is confounding. Their long term cloud storage contracts with Amazon and Google are insane. Waiting 5 days for option chains to become tradable so I can buy puts on puts on puts.
Posted on 3/2/17 at 12:13 pm to barry
quote:
The offer price was $17. On its first day they take buy and sell orders to start the day, which is why IPO's never trade when the market opens at 9. Once they have enough to they select the opening price based on sell and buy orders.
So could I have gotten in at $17 today, by putting in an order to buy before trading started?
Posted on 3/2/17 at 12:21 pm to TheIndulger
quote:
So could I have gotten in at $17 today, by putting in an order to buy before trading started?
No.
The shares are allocated ahead of time. It's how they set the offer price. They go on whats called a "roadshow" and the investment bank that is in charge of the IPO basically goes on a whirlwind tour pimping their client and trying to get the highest price available. This is the offer price, this is the money the company actually gets. There is a finite amount of shares and they are allocated to various investment companies, most go to institutional investors and other high profile clients. Joe Schmo has no chance on a hot IPO like SNAP. Even Joe millionaire is probably hosed.
So the IB wants it to be just right. Too low and if the stock pops on opening day then the client is pissed because they left too much money on the table. Too high and the stock goes down on opening day and can cause a lot of angry investors and bad press.
Posted on 3/2/17 at 12:31 pm to barry
That makes sense. Thanks.
Posted on 3/2/17 at 12:31 pm to dabigfella
quote:
snapchat current valuation at $25+
Posted on 3/2/17 at 12:32 pm to barry
quote:
barry
I appreciate all of your work on this board
Posted on 3/2/17 at 12:36 pm to Carson123987
quote:
I appreciate all of your work on this board
Thanks, its my favorite board on TD, and the most civil. Which is probably highly correlated.
Posted on 3/2/17 at 12:39 pm to barry
Love Votto too, easily one of the best avis on TD.
Posted on 3/2/17 at 12:59 pm to Carson123987
LULZ
quote:
purchase... if they're among the traders that have snapped up shares of Snap Interactive Inc. today.
Snap Interactive, ticker STVI, is up 18% at the moment. The problem is, Snap Interactive is not Snap Inc. It doesn't own Snapchat. And it isn't debuting on the New York Stock Exchange.
Posted on 3/2/17 at 1:01 pm to BilJ
Posted on 3/2/17 at 1:06 pm to BilJ
idiots. Those are the traders who bag hold your realized gains Not even doing a smidgen of due diligence to make sure you're buying the right ticker
Posted on 3/2/17 at 1:13 pm to BilJ
quote:
purchase... if they're among the traders that have snapped up shares of Snap Interactive Inc. today.
Snap Interactive, ticker STVI, is up 18% at the moment. The problem is, Snap Interactive is not Snap Inc. It doesn't own Snapchat. And it isn't debuting on the New York Stock Exchange
If i remember correctly there is actually some traders who buy similarly named stocks when IPO's debut for this very reason
Posted on 3/2/17 at 2:58 pm to dabigfella
I never said I was bullish on SNAP
Posted on 3/2/17 at 3:25 pm to barry
They do. There was one that went up dramatically when Twitter went public.
quote:LINK
What other explanation could there be for a 2,200% surge in shares of TWTR Inc. Friday morning? The stock, an over-the-counter listed stub of bankrupt consumer electronics retailer called Tweeter Entertainment went from less than a penny to mind-bending highs before settling back in around 4 cents a share.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News