Possible buying opportunity for two IPO blunders
An initial public offering (IPO) is often described as a company's "coming out party." It's the moment when a successful, privately held business says, "Hey, world! Who wants a piece of the action?
But what if nobody shows up?
Blue Apron APRN has seen 90 percent of its market value disappear since its initial public offering in June 2017 and SNAP shares' 70 percent plunge in 2018 make these two stocks among the most unsuccessful IPOs of all time.
2019 might finally present a buying opportunity for these two stocks. Further details explained on the graph.
But what if nobody shows up?
Blue Apron APRN has seen 90 percent of its market value disappear since its initial public offering in June 2017 and SNAP shares' 70 percent plunge in 2018 make these two stocks among the most unsuccessful IPOs of all time.
2019 might finally present a buying opportunity for these two stocks. Further details explained on the graph.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.