Snap prices its IPO at $17 a share, valuing the company around $24 billion

Snap, parent company of the popular Snapchat app, will reportedly price its offering at $17 a share, giving it a valuation of $24 billion and putting around $4 billion in cash into its coffers.
The company had been hoping to sell around $3 billion worth of stock at around $15 a share, which would have given it a valuation of roughly $21 billion. During its last big round of funding Snapchat was reportedly valued at about $20 billion.
Like Twitter, Snap has growth but no profits
Like Twitter, Sna