The IPO is 10 times oversubscribed, the sources said. Sources had told CNBC earlier this week that investors were expecting a pricing of $17 to $18 per share, above the $14 to $16 per share range originally given by the company. Evan Spiegel, co-founder and chief executive officer of Snapchat.
OMG!! i heard SnapChat shares are overpriced..actually their price worth about $9 or $10 ..as per experts.
But now they going to sell at $17 or $18 ..good luck to shares buyers..
now Twitters suffering over IPO share price..after they went for IPO ...
Good luck twitter. No one uses twitter anymore. What are they thinking opening an IPO as you said when public trust so low?
i think they want to create a hype or bubble..and make some quick bucks. that's what the founder probably thinking. in actual fact they are way behind Face Book.
i just checked the current share price and it was down.
if i m not wrong, the trend will continue and could slide up to $10
This message was edited by ANGRY BEAR on 11-Mar-2017 @ 6:44 PM
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