Snap stock price shoots up almost 50% on opening day

Snap Inc., the parent company of Snapchat, is now a public company. You can buy a tiny piece of the sexting messaging platform, but it'll cost you. Snapchat shares (SNAP on NYSE) were offered at $17 initially, but they quickly shot up to more than $25. That's a 47% increase in one day. Snap founders Bobby Murphy and Evan Spiegel each pulled in about $272 million in cash with this IPO, and their remaining stock is now worth billions of dollars. Read More Snap stock price shoots up almost 50% on opening day was written by the awesome team at Android Police. Android Match ae http://androidmatch.blogspot.com/feeds/posts/default