Snap's stock price hard to justify - Barron's
Shares of the messaging app company closed at $27.09 on Friday, well above its IPO price of $17 per share set on Wednesday. The owner of Snapchat, an app popular with young people for its disappearing messages, raised $3.4 billion in its IPO.
Traders work on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. will post their IPO in New York. Photo: Reuters