Explore Your Options by Tom Gentile
Snap, crackle & pop. How can you protect yourself from an IPO fallout?
Now here’s a question I intend on getting a lot as IPO stocks don’t live up to their hype. There was a lot of excitement around the Snap Inc. (SNAP) IPO. Upon its initial public offering, the stock jumped immediately as retail investors, hot on the stock but not on the business aspects, piled in with the stock near $30 on the second day of trading. From there it plunged below $19 just two weeks later ...