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Snapchat stock soars in Wall Street debut

Snap crackled and popped at its Wall Street debut.

Snap, the parent company of Snapchat, began trading at $24 a share on the New York Stock Exchange Thursday, a 40% increase over its IPO price.

At that price, Snap now has a market valuation of about $33 billion.

The company priced its initial public offering at $17 a share Wednesday, above its previously proposed range of $14 to $16 a share. Snap is the biggest U.S. tech IPO since Facebook in 2012. In fact, Snap is now worth ab

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