Around the Net
Snap Flies 40% Above Float Price, Spiegel Worth $5bn
- The Telegraph, Friday, March 3, 2017 9:20 AM
Snapchat's parent company was valued at more than $30bn (GBP24bn) on Thursday as investors brushed off fears about heavy losses to send shares soaring in the biggest technology float for years. The 41% share price leap as Snap debuted on the New York Stock Exchange in the biggest listing for a tech company in three years.
