Oh, Snap!
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 2 March 2017
⏱️ 26 minutes
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Summary
Snap goes public and immediately becomes three times the size of Twitter. Aaron Bush and David Kretzmann analyze the enthusiasm around Snap’s IPO, as well as the latest earnings from Shake Shack and Monster Beverage.
Transcript
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| 0:00.0 | It's Thursday, March 2nd. |
| 0:03.0 | Welcome to Mark Fullry. |
| 0:05.0 | I'm Chris Hill joining me in studio today from Supernova and Rule Breakers, Aaron Bush and David |
| 0:09.6 | Kretsman. |
| 0:10.6 | Thanks for being here guys. |
| 0:11.6 | Hey Chris. Thanks, Chris. What a day. |
| 0:13.0 | Snap is going public, has gone public. |
| 0:17.0 | And if you're an investor, I mean this is like Christmas and your birthday and the 4th of July all wrapped into one. |
| 0:23.1 | This is it. |
| 0:24.1 | Let the mania begin. |
| 0:26.1 | We're going to talk about that in a second. |
| 0:27.6 | We're also going to talk about the latest earnings from Shake Shack and Monster Beverage. Let's start with Snap. Snap goes public at |
| 0:36.1 | $17 a share. It opens for trading to regular investors like you and me at about 24 and a half. So if you're |
| 0:44.1 | scoring at home that's a 46% increase right off the bat before regular |
| 0:52.3 | investors can get in and at |
| 0:54.0 | that point SNAP's market cap is 33 billion dollars which puts it in the top |
| 1:02.2 | third of companies in the S&P 500? |
| 1:05.0 | I don't know where to begin, David. |
| 1:09.0 | I mean, this is, partly it's madness it's |
| 1:13.0 | it's certainly exuberance this is what exuberance looks like this is also |
| 1:17.2 | what it looks like when you haven't had a tech IPO in a couple of years |
| 1:19.7 | yeah I think people are excited this is one of the the bigger IPOs, certainly in tech, like you mentioned that we've seen in a couple years. |
... |
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