![]() Facebook dropped below its IPO price before stabilizing. Investor trepidation based on the struggles of Snap and other unique technology IPOs one investor called “tech unicorns” may well represent an obstacle for those companies and others. Facebook, meanwhile, saw its stock decline sharply for a few months after going. Those concerns get extra concerning given major tech IPOs in the offing: Altice USA, the American arm of the multibillion-dollar Luxembourg based telecom, is expected to make a 46.5 million share, $27-31 initial offer this week, and the Blue Apron meal service will be making a public offering soon as well. Twitter, for example, shot up nearly 73 per cent on its first trading day and now trades well below its IPO price. The struggles of Snap and other new tech IPOs have raised concerns that this may be a repeatable model: initial spike, slow downward spiral. Since then, Snap has struggled, reporting slowed growth in revenue and user adoption, and its stock price has predictably fallen. is an American camera and social media company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown based in Santa Monica, California.The company developed and maintains technological products and services, namely Snapchat, Spectacles, and Bitmoji.The company was named Snapchat Inc. Snap went public on March 2 and saw a fast surge of interest, rising from that initial $17 to a peak of $29.44 within 24 hours. Read also: Snapchat’s IPO is having a large effect on younger investors, for better or worseĪs of Thursday, June 15, the stock price of Snap Inc, the instant messaging and video company behind Snapchat, Bitmoji and various other social media crazes, had dropped to its IPO price of $17.
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