Where Can I Find the Snapchat Stock Symbol?

Snapchat stock valueInvestors can find the Snapchat stock symbol on the New York Stock Exchange (NYSE) trading under the symbol SNAP.

On the Snapchat IPO date, which could happen as early as March, the official listing will be Snap Inc. (NYSE: SNAP).

Snapchat is expected to be valued between $16 billion and $25 billion, and it's easily the most hyped IPO on Wall Street so far this year.

But before buying into the hype, we want to make sure Money Morning readers know everything there is to know about the Snap Inc. IPO...

Snapchat Revenue Totals Are Soaring

Snapchat stock symbolIn its IPO filing, Snapchat reported it generated $58 million in revenue for 2015.

By 2016, revenue jumped 597% year over year to $404.5 million.
And investors are so anxious to buy Snapchat stock because revenue totals could be in the billions in the next two years...

In 2017, Snapchat could generate between $936 million and $1 billion in revenue.

By 2018, revenue could climb between $1.76 billion and $2 billion.

However, investors need to know Snapchat is far from profitable...

Snapchat Revenue vs. Net Losses

In 2015, Snapchat lost $327.8 million. In 2016, it lost $514.6 million.

In just one year, that's an increase of 56% in net losses.

In fact, Snapchat said in its IPO filing that it may never be profitable.

That's why investors have been asking us whether Snapchat stock is a good investment.

Here's what you need to know...

What to Do on the Snapchat IPO Date

[mmpazkzone name="end-story-hostage" network="9794" site="307044" id="138536" type="4"]

Money Morning Chief Investment Strategist Keith Fitz-Gerald views the Snapchat IPO as a speculative investment because retail investors assume all the risk when investing in an IPO.

"When you buy shares of a publicly traded company, you are paying what the market will bear and you risk everything. There isn't an investment banker on the planet who gives a damn about whether or not the investing public makes a dime on the IPO. Your sole purpose is to guarantee that they get their capital first," Fitz-Gerald said on Nov. 21, 2016.
The IPO offering price is only available to wealthy investors, large institutions, and big banks.

Unfortunately, retail investors are forced to wait and buy IPOs at the market price on opening day, which can be much higher.

For example, big institutions and large banks were able to buy shares of the Twilio Inc. (NYSE: TWLO) IPO for $15 per share before its June 23, 2016, IPO.

When TWLO stock opened to retail investors on June 23, 2016, for $23.99 per share, these wealthy investors had made a profit of 59% in the first few minutes of trading.

"You and your money are literally last in line... behind founders, lawyers, angel investors, venture capitalists, and investment bankers, every one of whom gets a cut of your money. Again - and I cannot stress this strongly enough - as they cash out on your dime," Fitz-Gerald said.

Up Next:  Top Marijuana Stocks to Watch This Week

Follow Money Morning on Facebook and Twitter.