Mar 2, 2017

Snap shares open at $24

Photo illustration by Greg Ruben / Axios

Snap shares opened trading Thursday on the New York Stock Exchange at $24 per share, which is a 41% premium to the $17 per share IPO price. In early trading the stock is climbing even higher. Had Snap actually priced its IPO at $24 per share, it would have raised an extra $973 million (although it's unlikely it could have sold all the available shares at such a mark to IPO buyers).

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