You Probably Never Had a Chance with Snapchat Anyway
If you’re feeling down about missing out on Snapchat’s 44% single-day growth, find comfort in this sobering reality: You probably wouldn’t have gotten in at that price anyway.
Basically there’s a VIP line for “public investors” who get the super low price. In Snap’s case, they advertised the market price at $17 on Wednesday, and then opened at $24 on Thursday at 11:20AM. The precious hours between are reserved trading time for shareholders who carry a lot of cash or a lot of clout.
Imagine if we lived in a world in which ultra-wealthy individuals weren’t the only ones with the opportunity to make more money. Oh wait, we do on StartEngine!
Update: Snap Inc’s IPO gains disappear anyway.
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Certain offerings posted on the platform and so designated are offered by North Capital Private Securities (NCPS), Member FINRA / SIPC [add link], located at 623 East Ft. Union Blvd, Suite 101, Salt Lake City, UT 84047. NCPS does not make investment recommendations and no communication, through this website or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. Private investments are highly illiquid and risky and are not suitable for all investors. Investments in early-stage private companies should only be part of your overall investment portfolio. Furthermore, the allocation to this asset sub-class may be best fulfilled through a balanced portfolio of different start-ups. Investments in startups are highly illiquid and those investors who cannot hold an investment for the long term (at least 5–7 years) should not invest.