The biggest IPO of the year so far came to market today and started off with a bang. Raising more than $3.4 billion Snap, Inc.
Analysts were all over the place today with their opinions and forecasts for the media company. Most agreed that Snap's timing was impeccable. Not only was this launch at the perfect time market wise, but also just the right timing that everyone had heard of the company and the story.
As for volatility investors can expect plenty of it. These high profile names always see rather violent price action in the first few days and then once again during the lock-up expiration. For Snap, Inc. there are millions of shares that must be held for six months. Expect that as that date looms investors will be questioning their positions once again.
The real question is will an investment in Snap at these levels be a profitable one. It is the hardest question to answer regarding IPO's of this high of a caliber. Remember that Facebook