While that is the premise of Snap Inc's popular messaging platform, investors also saw any gains from its red - hot IPO disappear when shares plunged far below their initial sale price on Tuesday. (newsweek.com)
In the case of a short stock position, the investor's maximum profit is equivalent to the initial sale price. (investopedia.com)
HUD Mortgagee Letter 2000 - 46, released on December 20, 2000, states the following: «FHA's annual mortgage insurance premium will automatically be canceled - once the unpaid principal balance, excluding the upfront MIP, reaches 78 percent of the lower of the initial sales price or appraised value...» (homebuyinginstitute.com)