Snowflake IPO thoughts

šŸ’¬ Trading 212 chat
1

Anyone know much about this?

Thoughts on the company, IPO date etc.

2

@Joey_Fantana
@CavanHaganInvesting

Joey, you seem to love an IPO.

1 Like
3

Ooh itā€™s on the list mate. Iā€™m just undecided if itā€™ll be a purely IPO play or a proper long.

But in terms of actual IPO investing I donā€™t do much, I just like to ensure they all get added on the day so the forum doesnā€™t suffer from folk bemoaning their new faves not being available. :slight_smile:

I think @Scrooge_McCodf mightā€™ve intimated at some upcoming DD on Snowflakeā€¦? Admittedly I have done none - my current DD queue has StoneCo, Futu, Rocket, United Microelectronics, Vasta Platform, Epirus and Huya ahead of it - so chances are Iā€™ll never get there!

@AdrianUK is a big fan though.

1 Like
4

I donā€™t touch IPOs unless itā€™s a company in personally like. Long term, good quality companies for me (and Tesla of course)

5

Some fine public service, Iā€™m sure they appreciate it. :clap:

And STNE are doing well Iā€™ve seen. Bought them a while back.

Cheers for the reply :ok_hand::ok_hand::ok_hand:

1 Like
6

Of course Tesla :smirk::point_right:

My largest piece of pie. :yum:

1 Like
7

Same here, 20%, but currently sitting at 43% of my portfolio because itā€™s grown so much! Started buying at 450 I think

3 Likes
8

Yeah Iā€™m in STNE anyway but want to complete the DD I started. And with the recent news, itā€™s just opened the door for more research. All strong moves. Iā€™m consolidating my Invest folio into growth and long term holds only and they very much fit that mould.

9

Got in at 525ish.

And will again it seemsā€¦!

1 Like
10

You both make me sick, I got in at Ā£1450 :persevere::sweat_smile:

Only started investing about a month ago. Iā€™m optimistic itā€™ll continue to rise, but seeing all the missed opportunities is difficult to swallow. Such is life.

2 Likes
11

I would have got in earlier, Iā€™ve followed Tesla since the Before the model 3 was announced, but only found Trading 212 in January so was never able to invest in it before

1 Like
12

Just think of the opportunity youā€™re about to get at the end of the month.

1 Like
13

You think it will continue itā€™s surge after the split, or you reckon there will just be just a small initial jump?

14

Iā€™d take a look at the following charts for an idea of market behaviour around these big IPOs;

  • Lemonade
  • BigCommerce
  • Rocket Companies

They seem to have very much become a ā€˜playā€™.

Conversely if you look back at these guys, they all IPOā€™d before the tactic seemed to be commonplace;

  • Vroom
  • Warner Music Group
  • Allovir
  • AZEK Co.

With perhaps the exception of WMG, itā€™s also worth noting that none of these were really hype machines pre-IPO, that no one seems to know much about them off the top of their head.

And the rest seem to fall of a cliff and begin a slow steady climb back to the IPO price. Those are the ones no one really knows anything about.

So if I can be bothered (it can be bloody exhausting) I might make an initial investment into Snowflake on open and sell before market close. If Iā€™m feeling risky or make a bigger gain than expected by close, Iā€™ll possibly hold it for another day, but with the expectation it will drop and then spike again. Most likely Iā€™ll drop out before 9pm and look to buy in again on the immediate dip in the following day or so, sell on another spike then leave it alone for a month. Let it settle, see how it behaves, what the chart is doing etc.

1 Like
15

Is there a date for the Snowflake IPO?

16

Not that Iā€™m aware of.

1 Like