IPOX Schuster, LLC (www.ipox.com) - the innovative provider of solutions for investors in global IPOs and Spin-offs - notes big changes in IPOX Holding U.S. social networker Snap Inc. (SNAP US: +9.5%) on its second day of trading. The stock rose substantially after U.S. media firm NBC Universal disclosed a USD million 500 stake taken at the IPO.
Snap Inc. (SNAP US) is tracked in the IPOX 100 U.S. Index (IPXO as of yesterday’ close. The Index serves as the underlying benchmark for the USD million 680, 5-star, 11-year old First Trust U.S. Equity Opportunities ETF (ticker: FPX), for example. The firm is also a constituent in the IPOX-linked IPOX Allocation Fund (OIPAX), an active mutual fund available to U.S. investors.
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