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Snapchat jumps more than 40% in debut trade on Wall Street

Snapchat jumps more than 40% in debut trade on Wall Street

Friday, March 3, 2017, 11:09 AM

Snap Inc trading under the ticker "SNAP" on the New York Stock Exchange, was up about 45.4% to $24.72 near 1630 GMT, shortly after logging its first trades. The company's IPO raised $3.4 billion with a price of $17 a share. Snapchat is well-positioned to scale rapidly and take market share in the $652 billion global advertising market.
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