Shares in Snap, owner of messaging app Snapchat, have begun trading on the US stock market. In its opening minutes, its price hit $24.48 a share, a jump of about 40%.
The flotation valued the company at $17 a share, or $24bn in all, although Snap has never made a profit.
Read Entire Story Here: http://www.bbc.com/news/business-39139535
Leave a Reply