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Snap Inc. shares will start trading at $17 on NYSE tomorrow morning

This is exciting: Snapchat’s parent company set its initial public offering of stock at $17 a share, which would put its valuation at about $24 billion, Reuters reports. That’s more than double what Twitter was worth for its debut in late 2013. Following a rather fallow period for tech IPOs, Snap Inc. is one of … Continue reading “Snap Inc. shares will start trading at $17 on NYSE tomorrow morning”

This is exciting: Snapchat’s parent company set its initial public offering of stock at $17 a share, which would put its valuation at about $24 billion, Reuters reports. That’s more than double what Twitter was worth for its debut in late 2013.

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Following a rather fallow period for tech IPOs, Snap Inc. is one of the most anticipated stock debuts in a long time. The social network—er, sorry, camera company—will begin trading on the New York Stock Exchange tomorrow. Business journalists love new ticker symbols, so get ready to see a lot of articles with NYSE:SNAP embedded into them.


[Photo: Snap]

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About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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