4/2/2024 0 Comments Ipos 5 case(Snowflake shares were recently trading at $323.) The case against IPOsÄespite the appeal of IPO stocks, you're generally best off avoiding them. The shares began trading at $245 apiece, though - giving those privileged buyers an immediate gain of more than 100%. That's the price that insiders and connected investors and institutions were able to buy at. Consider, for example, that Snowflake had priced its initial shares at $120 apiece. When companies that people are excited about debut on the markets, there is often a trading frenzy, sending the shares up sharply in their first few minutes, days, or months. So why would you want to invest in an IPO? Well, because with companies that you're excited about and would really like to own, getting into them as soon as possible seems best, no? Think about all the huge companies we're now familiar with, such as and Netflix: They have rewarded their longtime shareholders enormously - especially those who got in on the ground floor.
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