Ghosts of past tech IPOs could haunt Snap's performance
Reuters ---- Snap Inc appears set to make a splash next week with the biggest tech stock debut since Facebook Inc, but history suggests investors shut out of the initial public offering would be better off waiting a bit to chase this unicorn on the open market. Globally, shares of most of the 25 largest technology IPOs have languished in their first 12 months on the public market, with 16 of them notching a hefty decline from their debut day closing price, according to a Reuters analysis of market performance. Eight of the 10 biggest fell by between 25 percent and 71 percent. Among U.S. tech IPOs, 14 of the 25 biggest fell in their first year, including nine of the 15 to raise at least $1 billion in their listings. Declines ranged from 9 percent to more than 80 percent. To learn more click on the picture below to read the article.