IG launches Snap IPO Grey Market


ig australia

Online trading industry leading broker IG Group Holdings plc (LON:IGG) today launches a grey market for the Snap IPO.

IG offers grey markets in advance of the listings of companies on stock markets in the UK, Europe and the US. It allows traders to speculate on the direction of a share price or market value of a company, before its shares become completely listed.

Previous grey markets such as Royal Mail and Facebook were particularly popular among IG clients, given their major presence in daily life.

The current price in the market estimated the value of Snap to be $27.4 billion.

Chris Beauchamp

Chris Beauchamp, Chief Market Analyst, comments:

Historically IG’s grey markets have been solid indicators of where companies official launch prices will end up. Snap is one of the biggest and most anticipated US tech IPOs for years, with the potential to rival the excitement witnessed when Facebook and Twitter went public. The echoes of Twitter’s IPO are clear to see, given Snap’s admission that turning a profit could be difficult. Whether the IPO hype survives once the initial celebrations are over remains to be seen.

Company IPO date Estimated valuation Final valuation
Alibaba 19 September 2014 $168 billion $230 billion
Saga 23 May 2014 £2.5 billion £1.97 billion
Pets At Home 12 March 2014 £1.48 billion £1.23 billion
Royal Mail 15 October 2013 £2.7 billion £4.89 billion
Twitter 7 November 2013 $11.25 billion $24.48 billion
Facebook 18 May 2012 $97 billion $105 billion

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IG launches Snap IPO Grey Market

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