Snapchat floats on NY Stock Exchange with shares closing 44% up on opening price

Miranda Ward

March 3, 2017 9:58

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.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

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Snapchat floats on NY Stock Exchange with shares closing 44% up on opening price

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