Snap

Snap hype cools off as bubble bursts for now

The Snap IPO caught a few people off guard as prices surged to $24 after the first day of trading, but as the price declines, late comers to the party are looking a little bit screwed.

Snap IPO crackles and pops

Snap finished its first day of trading with share prices increasing 44% on the initial $17, finishing at $24 with a market capitalization roughly $33 billion.

The Snapchat speculative bubble – an infographic

Snap’s most recent filing with the Securities and Exchange Commission, the team are chasing after an IPO which would value the business at $18.5 billion, less than half of its initial ambitions.

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