CarGurus Stock Soars After IPO

CarGurus Stock Soars After IPO

Talk about FAST MONEY!! CarGurus and its stockholders raised about $150.4 million in the company’s initial public offering, marking the Boston area’s first tech IPO of 2017. The Cambridge, MA-based software firm is expected to begin trading on the Nasdaq stock...
Overvalued? Facebook, Instagram Compete with Snapchat

Overvalued? Facebook, Instagram Compete with Snapchat

On August 2, 2016, the Facebook (NASDAQ:FB)-owned photo-sharing app Instagram announced its new feature called Stories, which sounds and works almost the same as Snap’s Stories. Instagram’s Stories feature allows users to post photos and mini videos as...
Snapchat IPO Dazzles

Snapchat IPO Dazzles

Snapchat (NYSE:SNAP) IPO’d 200 million shares, which were listed at a $7 premium at $24 per share. Many called the stock overvalued. The stock is valued at 35 times sales, which is twice of what Facebook (NASDAQ:FB) went public at, although Facebook was close to...