Snap

105 Days After Its IPO, Snap Is Back to Square One

by
,

105 days after going public on March 2, Snap’s stock price dropped back to its IPO price of $17 for the first time on Thursday. Despite doubts about the company’s future profitability, Snap had seen strong demand for its initial public offering and its share price subsequently jumped more than 40 percent on the first day of trading. When, a day later, Snap’s shares closed at an all-time high of $27.09, everything looked great for the parent company of Snapchat, but in light of strong competition from Facebook the doubts about Snap’s long-term viability always simmered and eventually caused the share price to drop.

Snap’s disappointing first quarter results did little to calm the nerves of its shareholders and so it began to look like a matter of time when the company’s stock price would drop below the IPO price for the first time. It’s a fate that Snap shares with many other public tech companies, some of which have long recovered while others maybe never will. Considering the apparent success of Instagram Stories and the lackluster interest from marketers in Snapchat, it remains to be seen if and when Snap can climb back to previous heights.



Infographic: 105 Days After Its IPO, Snap Is Back to Square One | Statista
 Report
Related Infographics
  • Social Media Marketing
    Marketers Have Yet to Embrace Snapchat

    This chart shows which social media platforms are most commonly used by marketers in 2017.

  • Food delivery industry in the U.S.
    Blue Apron Found a Recipe for Growth

    This chart shows revenue and net losses of food delivery company Blue Apron.

  • Amazon
    Amazon Dwarfs U.S. Retailers in Terms of Market Cap

    This chart ranks U.S. retail companies by their market capitalization on May 15, 2017.

  • Amazon
    The Big 'What If': Amazon Went Public 20 Years Ago

    This chart shows how Amazon's share price has developed since the company's IPO on May 15, 1997.

  • IPOs
    Falling Behind

    This chart shows how long it took for the share prices of tech companies to drop below their respective IPO price for the first time.

You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference
More statistics about...
Show more
You may also be interested in...
FAQ
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Robin Hüdepohl
(robin.huedepohl@statista.com).