If You'd Invested $700 in Snowflake Stock the Day of Its IPO, Here's How Much You'd Have Today
Snowflake (NYSE: SNOW) stock went public on Sept. 16, 2020. At the time, expectations for the company were incredibly high. Since then the stock has been on a volatile journey, pushed around in some cases by macroeconomic pressures that had nothing to do with the company's performance.
It's been three-plus years since the IPO and things have settled somewhat in the broader economy. Now seems like a good time to ask the question: Has Snowflake proven to be a good long-term investment? The answer might surprise you.
If you had invested $700 in Snowflake stock the day shares went public, your stake would now be worth just $454 (a 35% drop). The S&P 500 index, for comparison, increased in value by 57% over that time.
Source Fool.com
