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Snap falls to IPO price

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Re: Snap falls to IPO price

#51

Post by tanderson92 »

acchow wrote: post #46
kartD wrote: post #34

Earlier quoted context omitted.

Thanks for the info, I think my next bank account is going to be with Charles Schwab ( I was waffling between Ally and Charles Schwab, but this is a useful feature for me and a good step up from Robinhood).

I was referring to the trading account, which is independent from the bank. Tho Charles Schwab bank accounts are useful because they refund your ATM fees.

Free checking account helps too; they sent me two boxes of checks and a checkpad with a $0 initial balance, for no fees.

And they offer you commission-free trades too if you offer to transfer in enough funds.

Great, great, place to keep your finances.

Re: Snap falls to IPO price

#53

Post by Alfredo123 »

kartD wrote: post #34
acchow wrote: post #14

Earlier quoted context omitted.

Did you try to subscribe to the IPO? It was not hard at all. I'm an "average" investory with a standard Charles Schwab trading account and subscribed to it with a few clicks of my mouse. I imagine anyone else could with their brokerage. It was oversubscribed tho, so I got half the quantity I wanted and sold shortly after opening.

Thanks for the info, I think my next bank account is going to be with Charles Schwab ( I was waffling between Ally and Charles Schwab, but this is a useful feature for me and a good step up from Robinhood).

Don't deal with Ally if you are Asian or Mexican (or anyone else).

https://www.consumerfinance.gov/about-us/blog/ally-settlemen...

Re: Snap falls to IPO price

#54

Post by acchow »

jacquesm wrote: post #32
davidw wrote: post #28

Earlier quoted context omitted.

> It was oversubscribed tho, so I got half the quantity I wanted and sold shortly after opening. This seems like a pretty good reason to auction the shares in order to maximize the amount of money the company takes in. That they very rarely do has always seemed kind of dirty to me.

That would stop the issuers from making a bundle on just about every IPO and we can't have that now, can we?

So this is pretty lazy anti-intellectualism.

Can you provide some evidence that the investment banks are colluding on IPO pricing?

Re: Snap falls to IPO price

#55

Post by thaumasiotes »

beager wrote: post #42
dfrey wrote: post #31

snapchat baffles me. It's just another instant messaging platform except that they came up with the idea of messages that delete themselves after a time period. The problem is that this killer feature is easily subverted by taking a picture of your screen. So basically, they have provided an instant messaging platform with one extra useless feature.

More to the point, this "killer feature" is easily cloned by a competitor and shows that the product creates no competitive barriers. Coupled with the fact that the cloner has a much better idea of their users and can target ads much more successfully, this creates a long road for $SNAP.

> More to the point, this "killer feature" is easily cloned by a competitor

This doesn't really agree with

> The problem is that this killer feature is easily subverted

Let's let one company implement the feature before we decide it will be easy for competitors to implement it too.

Re: Snap falls to IPO price

#56

Post by kartD »

acchow wrote: post #46
kartD wrote: post #34

Earlier quoted context omitted.

Thanks for the info, I think my next bank account is going to be with Charles Schwab ( I was waffling between Ally and Charles Schwab, but this is a useful feature for me and a good step up from Robinhood).

I was referring to the trading account, which is independent from the bank. Tho Charles Schwab bank accounts are useful because they refund your ATM fees.

I'm aware, but I'd like to keep the as few accounts as possible. Should simplify transfers and customer service.

Re: Snap falls to IPO price

#57

Post by [deleted] »

acchow wrote: post #46
kartD wrote: post #34

Earlier quoted context omitted.

Thanks for the info, I think my next bank account is going to be with Charles Schwab ( I was waffling between Ally and Charles Schwab, but this is a useful feature for me and a good step up from Robinhood).

I was referring to the trading account, which is independent from the bank. Tho Charles Schwab bank accounts are useful because they refund your ATM fees.

[deleted]

Re: Snap falls to IPO price

#58

Post by lallysingh »

champagnepapi wrote: post #15
habosa wrote: post #10

$17.00 was the IPO price but only for investors with access. Your average investor with an eTrade account saw a price of $24.00+ when the market opened that morning, and it hit almost $27.00 that day. So those folks have seen a 30%+ drop since IPO. Given that Snap paid out billions in IPO bonuses to executives and other employees, it's turned out to be a pretty big wealth transfer from retail investors to Snap employ…

Bothers me that institutional investors and other insiders get preferred pricing while retail investors get less favorable pricing.

They also commit to purchase large amounts before the final demand is known. Their price is a combination of a bulk discount and risk discount.

Re: Snap falls to IPO price

#59

Post by drewmol »

dfrey wrote: post #31

snapchat baffles me. It's just another instant messaging platform except that they came up with the idea of messages that delete themselves after a time period. The problem is that this killer feature is easily subverted by taking a picture of your screen. So basically, they have provided an instant messaging platform with one extra useless feature.

I think it's just a consequence of a popular idea at the right time. And 2 killer features, self deleting shares(no percieved history) and it being super easy to select who you do/don't want to share with. Sort of an anti Facebook/public history/complicated privacy settings backlash spurred by a younger generation who grew up with Facebook always existing.

Quicken Loans came out with a service called "Rocket Mortgage" several years ago and I thought, "who wants to enter the likely largest financial commitment of their lives at the click of a button?" Turns out, lots of people... simplicity sells.

Anyways I think eventially once one of these big data hording companies goes under to the point of simply selling all their user data to the public in form of a paid search engine, and public/private key encryption is super simple and mainstream, things will change. I'd bet it might just be when Snapchat goes under;-)

Re: Snap falls to IPO price

#60

Post by hobs »

acchow wrote: post #54
jacquesm wrote: post #32

Earlier quoted context omitted.

That would stop the issuers from making a bundle on just about every IPO and we can't have that now, can we?

So this is pretty lazy anti-intellectualism. Can you provide some evidence that the investment banks are colluding on IPO pricing?

How is that anti-intellectualism? Not saying they are right, but criticizing wallstreet/giant tech companies for price fixing is not that.
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