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Snap Shares Dip Below Its Opening Price

  • Campaign, Tuesday, March 7, 2017 6:30 AM

Despite a strong debut for Snap when launching its IPO last Thursday, yesterday’s fall appears to have come about after analysts raised concerns about Snapchat’s user growth and valuation. Yesterday it fell 12% as analysts issued "sell" ratings. Snap’s first day of trading surged 44% above its initial IPO price of $17 a share on 2 March and jumped another 11% on the following day. 

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