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.