Powered by
After bursting out of the gate, Snap shares slip
Mar 7, 2017 - The Salt Lake Tribune

Newark, N.J. Anyone wanting to invest in the company that owns Snapchat now has an opportunity to do something that early investors were unable to do: buy shares for less than they cost on the first day of trading three days ago.

After tumbling 12 percent Monday, shares of Snap Inc. fell another 8 percent in early trading Tuesday, to $21.91.

Snap priced its initial public offering of 200 million shares at $17 each. Shares opened at $24 apiece Thursday and jumped 44 percent on its fir

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox