The 2 hottest IPOs of 2017 have been enormous flops
A rough week for Blue Apron and Snap both of which went public in 2017. Blue Apron went public at the end of June, at $10 a share, and has been slowly declining since. This week, Northcoast Research published the first Wall Street price target for the stock at $2 a share. Snap gained 44% on its first day of trading in March but has since been coming down and closed below its $17 IPO price for the first time on Monday. Morgan Stanley analyst Brian Nowak downgraded the stock on Tuesday from overweight to equal weight and cut his price target from $28 to $16 a share.
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Видео The 2 hottest IPOs of 2017 have been enormous flops канала Personal Finance Insider
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Follow BI Video on Twitter: http://bit.ly/1oS68Zs
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Read more: http://www.businessinsider.com/
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Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
Видео The 2 hottest IPOs of 2017 have been enormous flops канала Personal Finance Insider
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