IPO (Snap Chat)

leftwinger

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Sep 13, 2015
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Is it me? Only me?

Is it wrong to let "the chosen few" to buy shares at $17? (190 million sold?)
Then the next day, the Public buys-in at ~$24? From the above group of holders?

That seems like a Billion dollar "head start"? WTH? Fast-money for the elite.
Make Fenton mad......he no like Goldman.
I know I know.........this is how the IPO system works.
This is how it is always done?


Snap Chat held back 10 million shares? They started with 200 million?
Is that true? disclaimer: I am not any expert.
 
Last edited:
Is it me? Only me?

Is it wrong to let "the chosen few" to buy shares at $17? (190 million sold?)
Then the next day, the Public buys-in at ~$24? From the above group of holders?

That seems like a Billion dollar "head start"? WTH? Fast-money for the elite.
Make Fenton mad......he no like Goldman.
I know I know.........this is how the IPO system works.
This is how it is always done?

Snap Chat held back 10 million shares? They started with 200 million?
Is that true? disclaimer: I am not any expert.

Here's an explanation of the process for an IPO. Why anyone would want Snapchat, I have no clue. It seems reminiscent of the dot.com bubble in the late 80's. Snapchat isn't making a profit and don't expect to make one.

My guess is that regulations are the reason for all 99.9 percent of these requirements.

The Initial Public Offering (IPO) Process
 
Is it wrong to let "the chosen few" to buy 190 million shares at $17? As opposed to........?
Why did they not let the "public" buy in "the day before" at ~$17? Why did the public not get the same opportunity?
IPOs have always been a rip off, why is anyone's guess.
Aw jeesh! Everyone's crying away at all the mean old grownups running things. It's time to quit'ur'bitchin and roll up the sleeves.

Snapchat filed over a month ago ( S-1 ) saying they needed $billions. They got together w/ folks that knew what the heck they were doing and ended up w/ $3.23B. They were happy. If you guys or anyone else had been paying attention and offered $3.24B they would have been even happier. You didn't because y'all chose to not bother getting together that much money in time.

There are plenty of ways to get into it, the link for the NASDAQ pending IPO's is Initial Public Offerings (IPOs) and for the NYSE it's IPO Center Filings and if you keep up on the news ( new ipo filings sec pending - Google Search ) you can find out about all the other ways stocks are first issued.

One last thing: not all IPO's make money, they're typically high risk and price movements are more often then not wildly volatile. Personally I steer clear and go for other opportunities but if y'all want in then go for it. I promise not to cry like a baby if you get rich.
 
Golly-gee expat do you feel safe making that bet? Shorting stocks at random are just barely more safe than getting into IPOs.
 
...Shorting stocks at random are just barely more safe than getting into IPOs.
Maybe. Probably IPO's are not quite as risky as alligator wrestling but that would have to depend on the size of the alligator and the amount of the IPO investment. Bottom line is that I'm very hard pressed to begrudge anyone's big earnings w/ an IPO considering all the risks and expenses that are involved.
 
Is it me? Only me?

Is it wrong to let "the chosen few" to buy shares at $17? (190 million sold?)
Then the next day, the Public buys-in at ~$24? From the above group of holders?

That seems like a Billion dollar "head start"? WTH? Fast-money for the elite.
Make Fenton mad......he no like Goldman.
I know I know.........this is how the IPO system works.
This is how it is always done?

Snap Chat held back 10 million shares? They started with 200 million?
Is that true? disclaimer: I am not any expert.

Here's an explanation of the process for an IPO. Why anyone would want Snapchat, I have no clue. It seems reminiscent of the dot.com bubble in the late 80's. Snapchat isn't making a profit and don't expect to make one.

My guess is that regulations are the reason for all 99.9 percent of these requirements.

The Initial Public Offering (IPO) Process
Why anyone would invest in a porn company is beyond me.

Greed, I suppose.
 
Is it wrong to let "the chosen few" to buy 190 million shares at $17? As opposed to........?
Why did they not let the "public" buy in "the day before" at ~$17? Why did the public not get the same opportunity?
IPOs have always been a rip off, why is anyone's guess.
Aw jeesh! Everyone's crying away at all the mean old grownups running things. It's time to quit'ur'bitchin and roll up the sleeves.

Snapchat filed over a month ago ( S-1 ) saying they needed $billions. They got together w/ folks that knew what the heck they were doing and ended up w/ $3.23B. They were happy. If you guys or anyone else had been paying attention and offered $3.24B they would have been even happier. You didn't because y'all chose to not bother getting together that much money in time.

There are plenty of ways to get into it, the link for the NASDAQ pending IPO's is Initial Public Offerings (IPOs) and for the NYSE it's IPO Center Filings and if you keep up on the news ( new ipo filings sec pending - Google Search ) you can find out about all the other ways stocks are first issued.

One last thing: not all IPO's make money, they're typically high risk and price movements are more often then not wildly volatile. Personally I steer clear and go for other opportunities but if y'all want in then go for it. I promise not to cry like a baby if you get rich.
These morons (Snapchat) have never made any profit in their existence.

They need IPO money to stay alive.

Anyone who buys these shares are purely speculating.

And it is probably a bad bet.
 
...Shorting stocks at random are just barely more safe than getting into IPOs.
Maybe. Probably IPO's are not quite as risky as alligator wrestling but that would have to depend on the size of the alligator and the amount of the IPO investment. Bottom line is that I'm very hard pressed to begrudge anyone's big earnings w/ an IPO considering all the risks and expenses that are involved.
Alligator wrestling is not as risky as crocodile wrestling either.
 
Because that is not how america works, never has,

Actually, the concept of lot trades at discount have been around since Colonial days.
And stock shares have been around since Venice and Genoa in the 1400's.

After the fall of Constantinople to the Ottomans, the Italian city states rose to prominence in international trade. The wealth that was created was focused on Venice and Genoa.

They were all trying to get around the moosleem Ottomans in Anatolia/Turkey.

Those extensive sea voyages required spreading the risk among several investor families.

Hence the birth of stock shares in these ventures.
 
The danger is like winning big in Vegas a stupid behavior is rewarded.
There are folks that are highly skilled at investing in IPOs and they end up being richly rewarded for their much needed service to America. I'm not one of them. Winning big in Vegas however isn't all that difficult even though it uses many of the same skills. It's basically a 3 step process:
  1. Don't go to Vegas to gamble.
  2. Buy casino gaming stocks or Exchange Traded Funds (ETF's).
  3. Sell at a profit.
Here's a stock chart of BJK ( BJK - VanEck Vectors Gaming ETF | Snapshot | Equity ETF- VanEck ) compared w/ the Dow Jones Industrial Average in the same time frame:
casino.png

I've had a lot of fun doing this one over the years.
 
...morons (Snapchat) have never made any profit in their existence. They need IPO money to stay alive....
Sometimes I think that this is America's favorite passtime ---making up bad things about investing, although my guess is that some just do it to cover up their own willfull ignorace. fwiw:

This Venice, Calif.-based company grew earnings to more than $400 million in 2016, up from $59 million the year before, as advertisers used the platform to reach a young millennial audience.

It's from Everything You Should Know about Snapchat's Big IPO
 

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