Please, enlighten me. What do you make of this action today?
More importantly, what does it foretell?
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Bullish on it for short term, I think consensus is its going to crash.
Too much hate going in – will trade higher
higher. huge $VIX slam will propel. might hit a 10 handle by EOD
great ipo by definition. will trade higher for a few weeks
Hmmm
Low-level retard thinking. Great IPO’s are priced to give a small pop to institutional investors while maximizing cash raised for the company. This pop signifies snap left a ton of money on the table.
This will grind higher until the last bear shuts their mouth. Rev / user growth stats will come through on earnings, and the stock will be ultimately castrated… but not before the majority of bears have been buried.
LOL
how many days passed between your gold oscillator being overbought and today OA? (asked in an analytical and not confrontational way)
also none of my friends bought snap even tho they have been planning to for a few weeks and talking bout it for a few months. I’ll let you know when they bite
Confront all you want. I talked through this idea daily since it signaled. GLD moving .5% higher from that signal doesn’t imply wrong.
so the overbought tells you to stop buying, not to start shorting… i was confused
You’re confused on everthing.
The short starts where you want. Good luck.
Goes down over next month, got nothin after that
When it first opened I spent a minute watching the trade size… so many “cocktail party” single digit trades…Would be interesting to see the average trade size today.
Rabid enthusiasm to board the hype train. Lots of money to be made in the drunken revelry. Don’t be around for the morning after.
man. EVERYONE is calling for a pullback now. After 1 day of selling .geesh
Who is everyone.. Today’s selling volume is below previous days buying volume.. look at SPY, for example. But a nice down day tomorrow might clear some stops for next leg up.
Time to go to your SLC mormon food store and secure your beans and rice …shelter in place.
I used them as an indicator for BlueStar at the market lows a few years ago. Epic call.
$Snap was the first big IPO that no one cared about. Clients didn’t ask for it, allot of institutional accounts took a pass. My assumption is it does well because of the negativity going into it. If you are looking for euphoria to mark market tops or inflection points then I think the lack of interest here is positive
As Dr. Fly pointed out, a public market IPO is a critical exit event for Private Equity investors, who have made 1700X (seed round $0.01), 170X (Series A $0.10) and 17.3X (Series B $0.98) on their initial investment (in 2012 for seed and 2013 for Series A&B) at the $17 IPO price. That is a very nice buffer to work down the rest of their holdings over time!
Some color from Reuters:
FACTBOX-Snap IPO: The asymmetry of venture returns
March 02, 2017
05:17 PM ETReuters
Related Investments
Snap Inc
Last 3 Months
Other Related Investments
Tencent Holdings Ltd, GSV Capital Corp, T. Rowe Price Group Inc
(Updates with closing price)
NEW YORK, March 2 (Reuters) – Shares of Snap Inc, the owner of the messaging app Snapchat, closed at $24.48 per share on the New York Stock Exchange on Thursday versus the initial public offering price of $17.
Following is a list of venture capital firms selling their shares in Snap. Estimated values of shares sold in the deal are based on the IPO price. Estimated values of shares retained are based on the stock’s opening price. Data based on SEC filings, EquityZen and CrunchBase.
* Lightspeed Venture Partners
Total shares: 86,629,520
Shares sold: 4,632,890
Shares sold value: $78,759,130
Shares retained: 81,996,630
Shares retained value: $2,007,277,502
Initial purchase prices:
– Seed round: Less than $0.01 per share in 2012
– Series A: $0.10 per share in 2013
– Series B: $0.98 per share in 2013
Investment: At least $485,000
Voting right: Yes
* Benchmark Capital Partners, Mitchell Lasky
Total shares: 131,599,440
Shares sold: 10,695,868
Shares sold value: $181,829,756
Shares retained: 120,903,572
Shares retained value: $2,959,719,442
Initial purchase prices:
– Series A: $0.10 per share in 2013
– Series B: $0.98 per share in 2013
Investment: At least $23,943,414
Voting right: Yes
* General Catalyst
Total shares: 10,712,640
Shares sold: 572,904
Shares sold value: $9,739,368
Shares retained: 10,139,736
Shares retained value: $248,220,737
Initial purchase price:
– Series B: $0.98 per share in 2013
Investment: About $10.5 million
Voting right: No
Following is a history of Snap’s private investment rounds. Data is based on SEC filings, EquityZen and CrunchBase. Preferred stock share prices are adjusted to reflect the Class A dividend issued in October 2016 (effectively a 2-for-1 split of the shares).
For example, Series A preferred stock investors paid $0.208515 per share for Series A stock. Adjusting for the Class A dividend, the price is reflected below as $0.1043.
* Series A-1 (Seed round), May 2012
Investor: LightSpeed Venture Partners
Price per share: $0.01
Number of shares: 71.45 million
Total investment: $485,000 – $518,000
Value at IPO price: $1.2 billion
* Series A, Feb 2013
Lead investor: Benchmark Capital
Participants: Lightspeed Venture Partners, SV Angel
Price per share: $0.10
Number of shares: 140.58 million
Total investment: $14.7 million
Value at IPO price: $2.4 billion
* Series B, June 2013
Lead investor: Institutional Venture Partners
Participants: General Catalyst, Lightspeed Venture Partners,
SV Angel, Tencent Holdings, Benchmark Capital
Price per share: $0.98
Number of shares: 81.86 million
Total investment: $80 million
Value at IPO price: $1.4 billion
* Series C, Dec 2013
Lead investor: Coatue Management
Price per share: $1.70
Number of shares: 32 million
Total investment: $54.5 million
Value at IPO price: $544.0 million
* Series D, Dec 2014
Lead investor: Kleiner Perkins Caufield & Byers
Participants: HDS Capital, Yahoo
Price per share: $7.68
Number of shares: 6.74 milllion
Total investment: $51.7 million
Value at IPO price: $114.5 million
* Series E, March 2015
Lead investor: Alibaba, Kleiner Perkins Caufield & Byers
Price per share: $10.86
Number of shares: 39.96 million
Total investment: $433.9 million
Value at IPO price: $679.4 million
* Series F, July 2015 – May 2016
Lead investor: Fidelity Investments
Participants: Coatue Management, General Atlantic
Geodesic Capital, Glade Brook Capital Partners, GSV Capital
GSV Ventures, Institutional Venture Partners,
Lone Pine Capital, Meritech Capital Partners,
Sequoia Capital, T. Rowe Price, York Capital Management
Price per share: $15.36
Number of shares: 121 million
Total investment: $1.9 billion
Value at IPO price of $17: $2.1 billion
(Reporting by Angela Moon; Editing by Dan Burns and Meredith Mazzilli) REUTERS
I read that too.
I guess what I meant was, what’s your opinion?
If you’re referencing $SNAP specifically i think it’s unimportant and means nothing. It will trade higher and then find it’s way @ or below IPO price in spectacular fashion beginning from about 6 months from now.
The market? Volatility is coming back. Gone are the days of swimming naked with out protection amidst a sea of 10 and 11 vix. Weather we go higher or lower it’s clear that vol is back in an uptrend.
That is all.
fuck spelling & grammar.
Don’t forget logic.
❌❌❌
Vix got its asshole punched today.
vix is still in an uptrend & the ETPs aren’t bleeding daily futures convergence costs as rapidly.
I think it is a retail fleecing mechanism, esp. for companies in this “space” i.e. a camera companies. I think SNAP could hit $30 near term. I think SNAP trades at $10 on the 1 year anniversary date of the IPO.
Who wins the Superbowl next year and the point spread?
Patriots. Spot anyone 30
Range on snap seemed somewhat tame today. Didn’t seem that crazy one way or the other.
If you’re still skimming these comments (was busy yesterday)…there seems to be enough negativity/skepticism – more than I thought there’d be – to push higher more than one day. That said, I still intend to short/puts within a month and expect it to be sub-IPO within 3/6 months.
SNAP Inc. business is based on a platform disappearing messages. It is essentially the same thing as youtube, facebook (and all their little picture posting and instant messaging things), twitter and instant messaging but the messages disappear.
In other words – fugazi / fairy dust. That line from Wolf of Wall Street was so spot on.
I would not be shocked if this “fad” of disappearing messages disappears in the coming years sort of like Yahoo.
Exactly what is wrong with SMS? Why do I need 25 different accounts that all do the same thing? What happened to Yahoo? Why can’t they make any money? Why is a company that makes SMS with retards worth more than Yahoo now? Why isn’t PewDiePie on Snap instead of Youtube? When will Trump start using Snaps? Should the entire internet be disapearring so we don’t need so much data storage? Why do stocks that lose money go up or even exist in the first place? These are all questions I don’t have an answer to.
I guess the only answer I can come up with is nobody ever said people were smart and Wall Street and Silicon Valley will definitely take advantage of their retardation with yet another useless internet thing.
Snap has two fates – one being like Twitter / Netflix – just using it to suck money out of the system or two be like facebook / google and generate income through advertising. I am almost certain this fate has been decided for it already. I presume Spiegel thinks he has some kind of winner on his hands but he took a page out of the Zuckerberg playbook knowing if he didn’t sell it would jack the price up and Zuckerberg would just copy anyways. It’s really stupid.
SIde note: 30 years ago this would have IPO’d for around 2 dollars max. Inflation adjusted that would be about 3 bucks Making it worth 3 billion max – which is still a kings ransom for some little software program with no intrinsic value other than a communications tool. Dotcom bubble 2.0 is here. Really no need for these instant billionaires in today’s society. It is very irritating to see this happening.
Snap is worth more than AT&T Wireless (the platform it uses to send the disappearing messages on) IPO in 2002. Snap is worth 10 x what AT&T IPO’d at in 1984.
https://www.cnet.com/news/after-record-ipo-at-t-wireless-shares-climb-slightly/
http://www.investopedia.com/articles/markets/020216/if-you-had-invested-right-after-atts-ipo-t.asp
And finally
Facebook’s IPO was priced at $38 on May 18, 2012. $10,000 would have bought you 263 shares. Facebook stock is currently $75.02, so a $10,000 investment at the IPO would be worth $19,730.26 today.
Google’s IPO was priced at $85 on August 19, 2004. $10,000 would have bought you 117 shares. Google stock has split once. 117 shares purchased at the IPO would equal 234 shares today (117 voting shares, and 117 non-voting shares). Google stock is currently $580.20 for the voting shares, and $590.57 for the non-voting shares, so a $10,000 investment at the IPO would be worth $136,980.09 today.
Microsoft’s IPO was priced at $21 on March 13, 1986. $10,000 would have bought you 476 shares. Microsoft stock has split 9 times. 476 shares purchased at the IPO would equal 137,088 shares today. Microsoft stock is currently $45.17, so a $10,000 investment at the IPO would be worth $6,192,264.96 today. Note that Microsoft stock has paid cash dividends since 2004.