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

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.

Monica Link

Monica Link

Monica Link, Publisher, Editor-in-Chief of New York City Wired and founder of Link4Productions Media & Entertainment, is a New York City-based journalist, entrepreneur and performer producing multi-media content including stage, film and digital. Her resume includes print and on-air interviews with celebrities, New York Times bestsellers, fashion and art reviews. Her work has been featured in The New York Observer, National Mortgage News, and Time Magazine and many other publications.