Take a look at the performance of Snapchat (ticker: SNAP) at and following the IPO (you may check the chart here: https://finviz.com/quote.ashx?t=SNAP (Links to an external site.)). How does this correlate with IPO puzzle(s) and historical data on IPO performances? Do you think recent IPOs in general support existence of these puzzles? (you may want to refer to NASDAQ IPO page to see some stats of the most recent IPOs performance – http://www.nasdaq.com/markets/ipos/)

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