The Snap Inc (NYSE:SNAP) initial public offering has been volatile, and it’s far from one of the best IPOs the market has seen, but shares of Snapchat’s parent company are still up nearly 30% from the offering price.
But winning IPOs aren’t made in the first few days. Take Facebook Inc (NASDAQ:FB), which barely budged on its first day of trading in 2012 — a rarity for a hot IPO — and lost 34% in its first year on the public market. But patient investors (especially those who took my advice to wait until the IPO hubbub had cleared) are now sitting on more than a tripler, as Mark Zuckerberg showed what he could do with his ideas and some fresh capital.
Snap has done all investors — you, me and anyone else willing to go after IPOs — a favor, though.
Snap Inc raised a cool $3.4 billion at a market capitalization of around $25 billion — the largest public offering since Alibaba Group Holding Ltd (NYSE:BABA) hit the markets in 2014. The overall markets have been in rampant bull mode, and IPOs returned a collective 25% last year, so it was a good theory that Wall Street would be hungry for IPOs.
Snap’s well-received IPO was the confirmation we needed.
If you’re looking for fresh blood, then, today I’ll walk you through seven of the best IPOs to buy for the rest of 2017, including a couple that will have their IPOs in March. They might not come public with the same pomp and circumstance as Snap, but they could end up being better buys.