The secrecy with which Snap Inc. is approaching its pending initial public offering is becoming the stuff of legends. Investors, rightfully, are beginning to wonder whether Snapchat is going to stumble out of the gate in a repeat performance of Facebook Inc (NASDAQ:FB) in 2012.
Frankly, I don’t really care.
Why’s that you ask? How could I not be excited about Snapchat, the greatest thing since sliced bread? Easy. I’ve never been a fan of initial public offerings and I’m not about to start now.
The history of IPOs is littered with overhyped companies…