Back to Latest news

Launch of Snap IPO Grey Market

Posted:
9/2/2017

IG, a global leader in online trading, today launches a grey market for the Snap IPO.

IG offers grey markets in advance of the listings of companies on stock markets in the UK, Europe and the US. It allows traders to speculate on the direction of a share price or market value of a company, before its shares become completely listed.

Traders have enjoyed the opportunity to speculate on the valuation of a company before it becomes public traded. Previous grey markets such as Royal Mail and Facebook were particularly popular among IG clients, given their major presence in daily life.

The current price in the market estimated the value of Snap to be $27.4 billion.

Chris Beauchamp, Chief Market Analyst, comments:

“Historically IG’s grey markets have been solid indicators of where companies official launch prices will end up. Snap is one of the biggest and most anticipated US tech IPOs for years, with the potential to rival the excitement witnessed when Facebook and Twitter went public. The echoes of Twitter’s IPO are clear to see, given Snap’s admission that turning a profit could be difficult. Whether the IPO hype survives once the initial celebrations are over remains to be seen."

Company

IPO date

Estimated valuation

Final valuation

Alibaba

19 September 2014

$168 billion

$230 billion

Saga

23 May 2014

£2.5 billion

£1.97 billion

Pets At Home

12 March 2014

£1.48 billion

£1.23 billion

Royal Mail

15 October 2013

£2.7 billion

£4.89 billion

Twitter

7 November 2013

$11.25 billion

$24.48 billion

Facebook

18 May 2012

$97 billion

$105 billion

 

Read more of Chris’s thoughts on the Snap IPO here.

For more information, an up to date live price of the grey market or comment please do get in touch.

Chris Alfred

Corporate Communications Manager
Chris.alfred@ig.com
0207 573 0319

 

Chris Beauchamp

Chief Market Analyst
0207 573 0394
Chris.beauchamp@ig.com
@ChrisB_IG