How to Buy Shares in Snapchat
Snapchat Inc. will make its debut on the New York Stock Exchange (NYSE) on Friday (PNG time) or Thursday (US time) with the ticker SNAP and the company has already been estimated to be worth over US$20 billion, CNN says.
According to Forbes, Snapchat has set its prices at US$17 per share, valuing the company at US$24 billion.
Snap Inc. is set to price its IPO at $17 per share, valuing the company at $23.6 billion https://t.co/Emq3RM39JS pic.twitter.com/OEAqluYcJ2
— Forbes (@Forbes) March 1, 2017
How to buy shares in Snapchat?
According to StartBuyingStocks, everyday investors will not be able to buy shares in Snapchat until it becomes publicly available. When it does, you will need an online broker account.
Forbes has a great article on How to Open Your First Online Brokerage Account.
Both StartBuyingStocks.com and Forbes highly recommend TD Ameritrade. OptionHouse, E*Trade and Scottrade are also available options.
Caution
While Snapchat shares might seem like hot commodities at the moment, Time is concerned. The put it plain and simple in the article Everything You Should Know About Snapchat’s Big IPO.
To buy, or not to buy
Choosing to buy shares in Snapchat is something you should carefully consider. I would advise talking to an expert about it or waiting a few days after the company has gone public.
Please note that I am not an expert stockbroker and the advice I’m giving is based on my personal opinion.
I will note take responsibility for any financial losses or otherwise.
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