Did Snapchat leave money on the table?

Snapchat priced its IPO at $17 per share on Wednesday, raising $3.4 billion dollars. Then it opened Thursday at $24 per share and closed at $24.48. That’s a 44% gain, for the select investors who bought into the IPO.  And that gain looks great…for new investors. But it also means that Snapchat could have sold its shares for a higher price! If Snapchat priced its shares just a… Read More...