SNAP is the biggest IPO not only this year but from sometime ago and due to this fact investors had appetite for tech/Social company. The price of opening was $24 as it started from $17 per share. Price closed at $24.48. This is the best move in the first day for an IPO in the USA. The market capitalization at closing is around $28.33 Billion, based on 1.157 Billion of shares. The market value increased by $9 Bln. during the first day of trading
If we compare the other tech giants and their performances, the company is on 3 place.
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