Snap Inc. Rings NYSE Opening Bell, Stock Price Jumps to $24 Per Share

Monica Link March 2, 2017March 3, 2017 Evan Spiegel, IPO, New York, New York City, New York City Wired, New York Stock Exchange, NYSE, opening bell, Snapchat

Executives from Snap Inc. (NYSE: SNAP) parent company of video app Snapchat, rang the opening bell on the New York Stock Exchange Thursday, to commemorate their first day of trading. Evan Spiegel, CEO and Co-Founder and Bobby Murphy, Co-Founder, represented the company at the 9:30 stock market opening.

Snap’s initial public offering of 200 million shares of Class A common stock started at a price to the public of $17 per share, for a total offering size of $3.4 billion. Trading for the company, that has 100 million daily users, opened at $24 per share at 11:20 AM Eastern Standard Time .

Morgan Stanley, Goldman, Sachs & Co., J.P. Morgan, Deutsche Bank Securities, Barclays, Credit Suisse and Allen & Company LLC are acting as book-running managers for Snap’s IPO.