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Robinhood has bids starting at $16 on the IPO... I have no clue if it's a smart buy. Anyone care to chime in?
by bherms 10y ago
Robinhood has bids starting at $16 on the IPO... I have no clue if it's a smart buy. Anyone care to chime in?
- pcurve 10y agoThis is far more risky than FB IPO. How high it goes is anybody's guess (outside management team). Trying to wrap my head around why this is any different than Twitter.
- soVeryTired 10y agoIt's much much closer to a 50/50 gamble than a smart buy: all intra-day trading is, unless you have a quantifiable competitive advantage.
- elsewhen 10y agothis valuation expert from NYU puts the value at $13.3B (dramatically lower than the stated IPO price) http://aswathdamodaran.blogspot.com/2017/02/a-snap-story-valuing-snap-ahead-of-its.html http://aswathdamodaran.blogspot.com/2017/02/a-snap-story-val...
- argonaut 10y agoHe's quite often wrong: http://aswathdamodaran.blogspot.com/2012/02/ipo-of-decade-my-valuation-of-facebook.html http://aswathdamodaran.blogspot.com/2012/02/ipo-of-decade-my...
- albertwang 10y agoNote that on Robinhood you're only entering a "pre-ipo" bid but are not participating in the ipo -- i.e., you aren't guaranteed that your order will fill at any point Source: https://support.robinhood.com/hc/en-us/articles/115000902306-Pre-IPO-Trading https://support.robinhood.com/hc/en-us/articles/115000902306...