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 IPO has been one of more anticipated in recent years, with rumours beginning late last year. Snap certainly has captured the imagination of users around the world, but the success of its first day trading certainly has surprised a few commentators. Perhaps one of the reasons is a relatively dry IPO market in the last 12-18 months, howe