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Snapchat stock jumps 11% in second day of trading

Investors are still eager to snap up shares in Snap.

Snap, the parent company of Snapchat, jumped 20% in early trading Friday, rising above $29 a share. It ended the day at $27.09, up 11% for the day.

At its high Friday, Snap's market value was hovering around $40 billion.

The stock surge comes after Snap ended its first day of trading Thursday up 44% over its IPO price.

With that continued IPO boom, Snap has avoided the curse of Facebook, but maybe not the curse of Twitt

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