Earlier this week, Snap through Morgan Stanley, Goldman Sachs and J.P. Morgan managed to sell 145 million shares in Snap at $17 a share and raised a total of $2.45 billion in cash. Much to some surprise, Snap actually managed to close at $24.48 at Day 1 of IPO, up $7.48 per share or a good 44% jump from its…
Tag: IPO
LinkedIn IPO – Good Valuation for Its Stock Price and company earnings? | Fundamental Analysis | US Stock Market
On last Thursday (19th May 2011), LinkedIn’s shares more than doubled in their first day of trading, setting the stage for debuts from other Internet companies such as Facebook Inc. and Groupon Inc.The outsize demand for the stock of an Internet company that is growing rapidly but had a profit of $15.4 million last year is the latest sign of…