Snapchat: An amazing debut on the New York Stock Exchange

Snap, the parent company of Snapchat, was the most anticipated IPO in 2017 and had an amazing start. After pricing the IPO at $17 per share yesterday, the stock opened at $24. It then closed the day at $24.48, a 44% premium to the people who bought it yesterday.

The debut draws more similarities to Twitter’s, which went public in 2013. The company saw a solid first day of trading, but then saw a lot of volatility in the following months. Facebook, on the other hand, had a rough first day as a public company, with the share price closing exactly where it opened (companies normally try to price it so it goes up about 20 percent on the first day). But then the company flourished on the stock market over time, as TechCrunch reports. Κάνοντας Like στο Facebook ενημερώνεστε άμεσα για τα νέα άρθρα -->