Quote:
Originally Posted by bomber317
Did you jump into the Snowflake IPO?
I didn't track it but it looks like it was available to the masses around $259? IPO was $120?
Looks to be trading in the $220 - $260 range now, including the overall tech pullback last week.
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Retail investors are at a huge disadvantage with IPO's. Better off to invest in an IPO etf as they can likely buy at the IPO offering price. Snowflake was $280 the moment it hit the market. Far cry from the $75 then $130 per share valuation they had given it. The original share price was going to be $75 iirc then a few days later that raised to $120. Keep in mind that $75 price was likely an inflated value as it stands. No way they were worth 3.5x more on IPO day. Market is nuts...