Did Snap leave money on the table?
Snap priced its IPO at $17 per share on Wednesday, raising $3.4 billion. Then it opened Thursday at $24 per share and closed at $24.48. That’s a 44 percent gain for the select investors who bought into the IPO. And that gain looks great… for new investors. But it also means that Snap could have sold its shares for a higher price! If Snap priced its shares just a little higher… Read More
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