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How The Biggest Tech IPOs Traded On Their First Day

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How The Biggest Tech IPOs Traded On Their First Day
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Snap Inc (NYSE: SNAP) is making its highly-anticipated market debut Thursday after the company’s IPO priced at $17, higher than anticipated.

The public-market debuts of major Silicon Valley giants can be extremely unpredictable, but they are typically extremely volatile.

Related Link: The Road Ahead For Snap: What Does It Mean To Be A Camera Company?

According to CNBC’s Carl Quintanilla, the 10 largest U.S. tech IPOs in history have generated an average gain of about 27 percent on their first day of trading. Of course, those gains are based on the IPO price rather than the opening price.

A Look Back

Here’s a look at how some of the largest tech IPOs have finished out their first day of trading:

  • Alibaba Group Holding Ltd (NYSE: BABA) closed 38 percent above its IPO price.
  • Alphabet Inc (NASDAQ: GOOGL) closed 18 percent above its IPO price.
  • Facebook Inc (NASDAQ: FB) closed only 0.6 percent above its IPO price.
  • LinkedIn Corp (previously traded (NYSE: LNKD)) closed 109 percent above its IPO price.
  • Twilio Inc (NYSE: TWLO) closed 91 percent above its IPO price.
  • Twitter Inc (NYSE: TWTR) closed 72 percent above its IPO price.

Crowdsourcing Opinion

Benzinga asked Twitter users where they believe Snap will finish Thursday’s session. At last check, more than 40 percent of respondents predict a close above $20/share, while the remaining votes were split evenly between the $17–20 range and under $17.

Posted-In: Carl QuintanillaNews Education Crowdsourcing IPOs Tech Media General Best of Benzinga

 

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