• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, May 12, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Post IPO, Snap Inc. Shares Surge 44%!

by Chinmay Bidkar
March 3, 2017
in News
Reading Time: 2 mins read
0
Post IPO, Snap Inc. Shares Surge 44%!
TwitterWhatsappLinkedin

snap shares surge03 March 2017, USA:

You might also like

Mittal’s Airtel Eyes 49% Stake in Haier India; Reliance, Dabur Not Far Behind

Petcare Startup Vetic Raises ₹224 Cr, Eyes 65 Centers by 2025

FTC Pushes Back “Click-to-Cancel” Rule to July, Giving Businesses More Time to Comply

The day couldn’t get any better for Snap Inc. post the IPO! The parent company of Snapchat, had an outstanding first day in its public debut on the New York Stock Exchange, popping 44%!

“Right now, we’re just celebrating,” Snap’s chief financial officer, Drew Vollero, told BI after the stock began trading on Thursday. When the bell rang to mark the end of Snap’s first day as a publicly listed company, the stock was at $24.51, up 44%.

 

Also read- Shiv and Steve’s Exclusive On Snap Inc IPO And Snapdeal Layoff!

Snap- The Self-proclaimed camera company made a smart move with starting off with a $17 per share on Wednesday. The stock opened shortly before 11:20 a.m. on Thursday in New York, and started trading at $24 a share, rising 41.2% from its pricing at the open.

(Image- Business Insider / Yahoo Finance)

The opening price of $24 puts the company’s market capitalization at about $33 billion as per the report by CNBC. Jeremy Liew, Snap’s first investor, said companies competing against Facebook and Google for ad money have a real chance to make their businesses work. “On Madison Avenue, there’s someone asking their team, ‘What’s our Twitter strategy? What’s our Facebook strategy? What’s our Snapchat strategy? What’s our GIF strategy? In each instance, if you can become part of popular culture then you get to carve a piece of the [advertising] pie out for yourself,” he said. (Image- Drew Angerer / Getty Images / Buzzfeed)

Check out the analysis made by Miriam Gottfried, WSJ Heard on the Street Columnist below-

Also read- FACEBOOK TAKING STEPS TO PREVENT SUICIDES
UBER CEO TRAVIS KALANICK FIGHTS WITH DRIVER, APOLOGIZES LATER FOR OUTBURST
Tags: Drew VolleroEvan SpiegelIPOSnap IncSnap IPOSnapchat
Tweet54SendShare15
Previous Post

“Indian Startup Economy Has The Potential To Become One Of The Biggest Tech Markets In The World” – Yesss Capital

Next Post

The Backdrop Of Flipkart And Microsoft’s Strategic Partnership Against Rival Amazon

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]

Recommended For You

Mittal’s Airtel Eyes 49% Stake in Haier India; Reliance, Dabur Not Far Behind

by Ishaan Negi
May 12, 2025
0
Mittal’s Airtel Eyes 49% Stake in Haier India; Reliance, Dabur Not Far Behind

The creator of telecom behemoth Bharti Airtel, Sunil Bharti Mittal, is allegedly in advanced negotiations to purchase a 49% share in Haier Smart Home India for almost $2...

Read more

Petcare Startup Vetic Raises ₹224 Cr, Eyes 65 Centers by 2025

by Ishaan Negi
May 12, 2025
0
Petcare Startup Vetic Raises ₹224 Cr, Eyes 65 Centers by 2025

In a powerful endorsement of India’s rapidly growing petcare industry, Gurugram-based startup Vetic has raised ₹224 crore (~$26 million) in its Series C funding round, led by Bessemer...

Read more

FTC Pushes Back “Click-to-Cancel” Rule to July, Giving Businesses More Time to Comply

by Harikrishnan A
May 11, 2025
0
FTC Pushes Back “Click-to-Cancel” Rule to July, Giving Businesses More Time to Comply

Consumers hoping for a smoother way to cancel online subscriptions will have to wait a bit longer. The Federal Trade Commission (FTC) has delayed enforcing a key rule...

Read more
Next Post
The Backdrop Of Flipkart And Microsoft’s Strategic Partnership Against Rival Amazon

The Backdrop Of Flipkart And Microsoft's Strategic Partnership Against Rival Amazon

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?