Snapchat’s Stock Just Dipped to Its IPO Price for the First Time fortune.com

2
David Sha 8 years ago in Business 0

It looks like the Snap bears got it right—at least for the moment.
Shares of Snapchat's parent company, Snap Inc. (SNAP, -4.92%), dipped nearly 5% in trading Thursday, sending Snap shares to its initial public offering price of $17 a share for the first time since the company went public in March. The dip also sent Snap CEO Evan Spiegel's net worth down roughly $46 million to $3.9 billion, according to Bloomberg data, since Spiegel's fortune is largely tied to his stock holdings in the company.

voters
Report Story

Related posts:

  1. Know which Sections of the Companies Act gives Exit to Minority Shareholders
  2. Using Price-To-Earnings (PE) Ratio For Stock Assessments
  3. What You Must Know For A Big Data Analytics Career
  4. HOW CAN A DATA ANALYTICS CERTIFICATION BOOST YOUR CAREER?
Tags : SnapSnapchat’sSnapchat's parent company

Leave Your Comment