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Snapchat stock finishes up 44% on first day
- PunchTornado 10y agoAfter going public you need to become profitable and provide value to shareholders, not just users. We'll see if they can do it like Facebook or they'll be like Twitter.
- johng 10y agoI would love to be able to short this stock right now.
- asher_ 10y ago> companies normally try to price it so it goes up about 20 percent on the first day Can someone explain this to me? Why would a company try to sell its shares for less than they could get? When I see something like this - 44% up on the first day - I immediately think that this was a complete failure as an IPO, because the company left so much money on the table. Am I crazy? Or can someone set me straight.