What I find really interesting in that number is that according to Matt Levine the IPO has been already oversubscribed 10 times.[0] This kind of number strongl

What I find really interesting in that number is that according to Matt Levine the IPO has been already oversubscribed 10 times.[0] This kind of number strongly implies that one can expect the immediate post-IPO valuation to be quite a bit higher. However, once the aggressive stock flippers are done, there's no telling where the stock price finds its equilibrium. 0: https://www.bloomberg.com/view/articles/2017-03-01/snapchat-indexes-and-free-research https://www.bloomberg.com/view/articles/2017-03-01/snapchat-...