Snap's first day as a public company ends with stock price high
Snap went public Thursday, putting the private pic sharing company on the NYSE. The day went well in terms of stock price – it closed up 44 percent by end of trading.
That’s not great news for Snap, since it means they left money on the table and underpriced their shares. But it’s better than the company tanking, at least in terms of what it says about investor confidence in its future potential. Plus, NBCUniversal put $500 million into the company, which means media co’s have big hopes for the little darling.