Thursday, March 02, 2017 7:47:41 PM
SNAP This spillway is Overflowing today
at a snappy pace.
How Snap's Market Debut Compared With the IPOs of Twitter, Facebook
Snap's shares jumped 44% on Thursday, while Twitter soared 73% in its market debut and Facebook rose less than 1%.
Natalie Walters Natalie Walters
Follow Mar 2, 2017 7:18 PM EST
In the lead-up to Snap's SNAP successful IPO on Thursday, many investors were already comparing the company to Facebook (FB) and Twitter TWTR .
Like Facebook, Snapchat has become a hot social media platform for millennials with 161 million daily average users. But some investors worry that it may slowly disappoint over time like Twitter, with plateauing user growth and revenue.
Snap's shares rose an impressive 44% on Thursday. Twitter crushed that stat with a 73% jump on its first trading day in 2013. Facebook had a disappointing IPO in 2012, with its shares jumping a measly 0.61% on their first day.
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The difference in a company's first day of trading may be partly due to the simple law of supply and demand, said Nicholas Einhorn, an analyst with Renaissance Capital, who covers Snap. In addition, Snap was probably the beneficiary of good timing -- its market launch came the day after the Dow Jones Industrial Average, S&P 500 and Nasdaq all hit fresh record highs. The financial markets have been red-hot since the election of President Donald Trump.
In addition, a robust IPO is no guarantee of future success for a company or its investors. Facebook's shares have soared since the company's dismal IPO, and Twitter's have tanked.
While no one figure can tell the whole story, here's a closer look at each of these three big tech IPOs.
continues.......
https://www.thestreet.com/story/14025234/1/how-snap-s-market-debut-compared-with-the-ipos-of-twitter-facebook.html?puc=yahoo&cm_ven=YAHOO
at a snappy pace.
How Snap's Market Debut Compared With the IPOs of Twitter, Facebook
Snap's shares jumped 44% on Thursday, while Twitter soared 73% in its market debut and Facebook rose less than 1%.
Natalie Walters Natalie Walters
Follow Mar 2, 2017 7:18 PM EST
In the lead-up to Snap's SNAP successful IPO on Thursday, many investors were already comparing the company to Facebook (FB) and Twitter TWTR .
Like Facebook, Snapchat has become a hot social media platform for millennials with 161 million daily average users. But some investors worry that it may slowly disappoint over time like Twitter, with plateauing user growth and revenue.
Snap's shares rose an impressive 44% on Thursday. Twitter crushed that stat with a 73% jump on its first trading day in 2013. Facebook had a disappointing IPO in 2012, with its shares jumping a measly 0.61% on their first day.
SMALL INVESTMENT, BIG POTENTIAL. TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days.
The difference in a company's first day of trading may be partly due to the simple law of supply and demand, said Nicholas Einhorn, an analyst with Renaissance Capital, who covers Snap. In addition, Snap was probably the beneficiary of good timing -- its market launch came the day after the Dow Jones Industrial Average, S&P 500 and Nasdaq all hit fresh record highs. The financial markets have been red-hot since the election of President Donald Trump.
In addition, a robust IPO is no guarantee of future success for a company or its investors. Facebook's shares have soared since the company's dismal IPO, and Twitter's have tanked.
While no one figure can tell the whole story, here's a closer look at each of these three big tech IPOs.
continues.......
https://www.thestreet.com/story/14025234/1/how-snap-s-market-debut-compared-with-the-ipos-of-twitter-facebook.html?puc=yahoo&cm_ven=YAHOO
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