When Snap goes public in the next few weeks, it will hope to buck a troubling recent trend for ad-supported tech companies. Several, including social media and messaging rivals Facebook, Twitter and Weibo, had disappointing IPOs. After a first-day pop, their stocks traded down by the end of their first year of public trading.
But the thing to remember is that how a company’s stock performs in its first year often doesn’t say much about how it will do long-term. That’s clear from the group of charts we’ve assembled above, which show the performance of various tech IPOs of recent years.