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Jakarta Post
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Investors must be cautious toward world's biggest IPO

  • Vishal Bhargava
    Vishal Bhargava

    Assistant vice president, business strategy at Cogencis Information Services, Ltd.

Mumbai | Mon, November 27, 2017 | 10:09 am
Investors must be cautious toward world's biggest IPO Nine months ago Snapchat, the camera messaging company, came out with its IPO. Today — the stock is down more than 50 percent from its second day of listing. (Shutterstock/File)

PREMIUM Nine months ago Snapchat, the camera messaging company, came out with its IPO. Seeing its filing to prospective investors, there was little doubt that the young promoters of the company were carried away in their illusions of grandeur. Its investment bankers had hyped the issue admirably across various channels. As someone who spent his initial years in investment banking and financial media, I...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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