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Home News

NYSE All Set for Trial Run of Snap IPO

by Chinmay Bidkar
February 24, 2017
in News
Reading Time: 1 min read
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NYSE All Set for Trial Run of Snap IPO
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snap ipo trial run24 February 2017, USA:

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The New York Stock Exchange is conducting a trial run of Snap Inc’s Initial Public Offering tomorrow according to a notice given last week to stock traders, in anticipation of what is expected to be the biggest U.S. technology IPO in nearly five years.

Also read- Everything You Need To Know About The Snap Inc. IPO!!

As per the Reuters report, NYSE traders revealed that the exchange will offer a “weekend production testing opportunity” so that firms could “exercise their IPO trading logic”.

“It’s a big deal and they clearly want to make sure it goes smoothly—you can’t fault them for that,” said Ken Polcari, director of the NYSE floor division at O’Neil Securities in New York. “They want to make sure the systems are a ‘go’ and there are no glitches or bugs in the system, so it is just a course of action.” (Image- REUTERS/Brendan McDermid)

Also read- Tax Benefits For Startups That Entrepreneurs Can Avail Right Now
Tags: Initial Public OfferingIPONew York Stock ExchangeNYSESnap IncSnapchat
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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