Bobby Murphy

Snapchat IPO values the company at US$28.3bn

Snapchat parent company, Snap, closed its first day of trading with a stockprice of US$24.48, giving the messaging app a valuation of US$28.3 billion. Snap priced its initial public offering of 2 billion shares of Class A common at US$17 per share, for a total offering size of US$3.4 billion – higher than the US$3 billion it said […]