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New York - Snap Passes Big Test: IPO At $17 A Share, Above Expectation

Mar 01, 2017 at 05:34 PM

New York - For Snap Inc., a social media company that started its official bid to go public last Halloween, the looming question now is whether investors are in for a trick or a treat. Snap passed its first major test on Wall Street on Wednesday, when the company behind the popular messaging app Snapchat priced its initial public offering of 200 million shares at $17 each. That's above the...

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