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GoPro Inc (GPRO) Stock Is a Case Study in Lousy IPOs

Jul 17, 2017, 2:06 pm EDT

During the summer of 2014, GoPro Inc (NASDAQ:GPRO) pulled off a red-hot initial public offering. The company priced its IPO at $24, and GPRO stock spiked by nearly 50% on its first day of trading. That was only the start, as GoPro shares fetched about $87 within a few months. Source: Shutterstock

And that, unfortunately, was the peak.

Since that time, GoPro stock has been a gut-wrenching experience for shareholders. Those unlucky few that have held on the whole way down now sit on shares worth just $8 each. Read 

Roku IPO? Here’s What We Know About the Potential Offering

Jul 14, 2017, 11:38 am EDT

Roku initial public offering (IPO) could be arriving sooner rather than later, the company unveiled to end the week. Source: Roku

The online streaming service box announced that it is looking to go public, seeking a $1 billion valuation for the company. The company has hired Morgan Stanley (NYSE:MS) and Citigroup Inc (NYSE:C) to help it explore the possibility of launching an IPO.

The move comes as Roku shifts towards a business model with higher-margin advertising and licensing revenue. The service carries plenty of other streaming services, including Amazon Prime Video, Hulu and Google Play. Read 

Blue Apron Holdings Inc (APRN) Stock Should Be Left on Ice

Jul 13, 2017, 1:19 pm EDT

Tip your cap to Blue Apron Holdings Inc (NYSE:APRN). Displacing Snap Inc (NYSE:SNAP) as the worst IPO of 2017 was no easy feat, but APRN stock has done so in lightning-fast fashion. Source: Shutterstock

The meal-kit delivery service originally targeted a range of $15 to $17 in its IPO. It had to price APRN stock at $10, however. The IPO price held the first day, no doubt with the help of underwriters Morgan Stanley (NYSE:MS), Barclays PLC (ADR) (NYSE:BCS) and Citigroup Inc (NYSE:C). But APRN has lost almost 25% in the last two weeks — even after a nearly 6% gain Wednesday.

It’s not hard to see why. Blue Apron has leadership in the meal-kit market — for now. But it’s massively unprofitable, and its business model at the moment is to (as the old saw goes) “sell at a loss and make it up on volume.” Read 

Snap Inc (SNAP) Stock Will Get Even Worse, And SOON

Jul 11, 2017, 2:27 pm EDT

The most high-profile initial public offering of the year — Snap Inc (NYSE:SNAP) — hasn’t been much different than many other IPOs, and not in a good way. See, investors typically can’t get shares at the offering price at the IPO unless they’re wealthy or run a major fund. But here and there, IPOs eventually sink to their offering price anyway — and that’s just the case with SNAP stock at the moment. Source: Shutterstock

Does the low price mean a great value opportunity for investors?

No. Probably not. Read 

Blue Apron Holdings, Inc. (APRN) Goes Stale Right Out of the Box

Jun 29, 2017, 12:41 pm EDT
Blue Apron Holdings, Inc. (APRN) Goes Stale Right Out of the Box

When Blue Apron Holdings, Inc. (NYSE:APRN) filed its initial public offering, there was quite a bit of excitement. Investors would get a chance to participate in the new-fangled online delivery industry. But that optimism has fallen flat after some interesting developments in the grocery space.

On Wednesday, the Blue Apron IPO got priced at $10 a share — which was at a steep discount to the original price range of $15 to $17. The lead underwriters on the deal included Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), Citigroup Inc (NYSE:C) and Barclays PLC (ADR) (NYSE:BCS).

Unfortunately, even with the price cut, there is still not too much enthusiasm for the Blue Apron IPO. As of this writing, APRN stock is only up roughly 6%. Read 

Is an Uber IPO Just a Pipe Dream Now?

Jun 15, 2017, 8:48 am EDT

Ride-hailing service Uber has endured an astronomically high level of unfortunate events over the past year. Some of these happenings were a series of bad luck. Others were self-inflicted wounds brought on by big egos and poor workplace culture. Source: Shutterstock

Earlier this year, CEO Travis Kalanick called for Uber to undergo an internal investigation following sexual harassment and gender bias allegations at the company. The investigation was led by former U.S. Attorney General Eric Holder.

Those results were just released, suggesting almost 50 ways that Uber can improve its workplace. Read 

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