Snap’s initial public offering went off without a hitch after it priced at $17 Wednesday and began trading at $24 on Thursday. The company benefited from pent-up demand for IPOs and its status as a household name.

Heard on the Street’s Dan Gallagher joins Miriam Gottfried, Alex Frangos and Steve Russolillo to talk about the challenges still facing Snap as it attempts to grow into its massive valuation and what the IPO means for other billion-dollar startups deciding whether to go