It's a Good Day to Be a Snap Co-Founder

Snap shares jumps 48% in IPO debut
By Arden Dier,  Newser Staff
Posted Mar 2, 2017 11:33 AM CST
Snapchat co-founders Robert Murphy, left, and Evan Spiegel at the New York Stock Exchange on Thursday, with president Thomas Farley, right.   (AP Photo/Mark Lennihan)

(Newser) – Shares of Snap Inc. opened for trading on the New York Stock Exchange on Thursday at $24 per share, up from the IPO price of $17 per share—and kept climbing, per MarketWatch. As of this writing, prices have risen 48% to over $25 per share. Snap co-founders Evan Spiegel, 26, and Robert Murphy, 28—with $4.5 billion and $3.9 billion in Snap stock at the IPO price, respectively—rang the bell to open the exchange, both wearing smiles, reports Business Insider.

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