141–150 of 253 posts
Based on revenue and flat growth, the company is worth about $4 a share. If it get's to that price I'll think about buying in, if and only if i think the company is going to turn it around. I've made good money waiting for the time to be right before buying in. This stock is worthless above $8 a share.
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I think it's simply stating the obvious: rather than using a market-based mechanism for price discovery, they pick a price to sell at. For a bunch of people who are such big fans of markets, this looks really dubious. "Markets for thee, but not for me".
Isn't that how just about everything is sold? My box of Cheerios isn't auctioned off; they picked a price. They had several factors that went into picking that price, just like those that set up the IPOs have.
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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.
You got half you order filled at $17 with Schwab on opening day? Or it fills before market open?
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.
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I believe the point is more about the marginal utility of wealth and what additional products and services $1.4 billion can buy relative to the $250+MM net worth they have now.
$250 million means I need to fundraise to build my spaceship. With $1.4 billion, I can get started on a Dyson sphere. Depends on your goals.
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Facebook is >$200 per user.
From an investors standpoint, I view Facebook as four companies -Facebook, 2 billion MAU -Messenger, 1.2 billion MAU -WhatsApp, 1.2 billion MAU -Instagram, 700 million MAU Messenger, on its own, is easily a $50 billion company.
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"Well-established protocols" can result in IPO prices being systematically set too low. Yes, theoretically a bank should be able to break the ranks, but all they would get for their trouble is smaller profits, and a potential lawsuit from investors. After all, they did diverse from the "established accounting standards" when pushing the IPO price up.
> "Well-established protocols" can result in IPO prices being systematically set too low. Yes, theoretically a bank should be able to break the ranks, but all they would get for their trouble is smaller profits, and a potential lawsuit from investors. After all, they did diverse from the "established accounting standards" when pushing the IPO price up. Assuming a roughly competitive market with n players that do not…
I agree that there would be a solid market demand for this company. The same way there would be much demand for a telecom/isp that provides more speed at reduced price. Consumer demand isn't always the only thing needed for a business to succeed, despite what pg says.
$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…
This article is taking about July 31 as the earliest lockup expiration, but not clear as to which class of stock this is for: "The perceived catalyst for an impending drop is a total of 1.2 billion fresh shares that will become available for sale after post-IPO lockups expire July 31 and Aug. 31" Source: http://www.marketwatch.com/story/snap-short-sellers-bet-on-a...
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$250 million means I need to fundraise to build my spaceship. With $1.4 billion, I can get started on a Dyson sphere. Depends on your goals.
If you think you can completely encompass a star for quarter the price of an aircraft carrier, damn what's your secret? :)