Previous tech IPOs may hurt Snap’s stock debut

ANALYSIS: (Reuters) – Snap appears set to make a splash next week with the biggest tech stock debut since Facebook, but history suggests investors shut out of the initial public offering would be better off waiting a bit to chase this unicorn on the open market.
Globally, shares of most of the 25 largest technology IPOs have languished in their first 12 months on the public market, with 16 of them notching a hefty decline from their debut day closing price, according to a Reuters analysis