Snap Finally Returns to Its IPO Price. Time to Buy?
Snap (NYSE: SNAP) went public at $17 per share in March 2017. The Snapchat maker initially surged to the mid-$20s, but concerns about its slowing growth, massive losses, and lofty valuation caused the stock to slide to $5 last December.
But today it trades above its IPO price again, and investors who bought the stock at its all-time low would have more than tripled their investment in less than a year. Let's see why Snap's stock recovered, and whether or not it's still a bargain at its IPO price.
Image source: Getty Images.
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