7 ms·

"Crashes" from IPO of $72 to $70.60 at the time of this writing. Okay.

• swarnie_ 8y ago
  10% move in one day, you don't think that's significant in any way?
  • spyspy 8y ago
    It’s really not. Tech stocks are bought and sold on hype and often move +/- 5% on any normal day. 10% the day after an IPO is nothing.
    • deleted 8y ago
      [deleted]
    • swarnie_ 8y ago
      I'll let my buddy working at $snap know everything is ok i guess.
• dawhizkid 8y ago
  Well it opened at $87 on Friday, so it's a 20% drop since opening.
  • deminature 8y ago
    It's still almost double the last private valuation. It was $10bn prior to IPO, now north of $20bn, peaking at almost $25bn.
    • shereadsthenews 8y ago
      It was valued at $14.5bn in their June 2018 round of fundraising.
    • dawhizkid 8y ago
      For now...I mean it's been 2 days. Let's see after the first earnings report. Remember employees are still in a lock-up period, so really no one who is holding right now really cares until 6 months from now.
    • PKop 8y ago
      Pre-IPO means nothing to public investors though.
• deleted 8y ago
  [deleted]