This was clearly evident during the Snapchat IPO as one of the company's external pre-IPO shareholders made a killing because his daughter was engrossed in the social media app. L'eggs was one of the 1970s most successful consumer products and Hanes share price soared more than six fold before it was acquired by Consolidated Foods. The company's share price soared 100 fold after it it purchased the Victoria's Secrets brand and 25 Abercrombie & Fitch stores. The Limited's share price quickly fell to US$16 when the investor sold out to limit his losses. Only time will tell whether Snap's IPO price will be a repeat of Lynch's Hanes or his investor's purchase of The Limited shares.

Source: New Zealand Herald March 10, 2017 17:03 UTC