Snapchat floats on NY Stock Exchange with shares closing 44% up on opening price
The parent company of social media platform Snapchat floated on the New York Stock Exchange in the US overnight, with shares of Snap closing at $US24.53, 44% up on opening.
The company – which bolstered its local operations with the appointment of Kathryn Carter as general manager in April last year – had a market capitalisation of $US28.4b after the float.
