Snap starts trading at $24, up 41% from IPO price

SNAP starts trading.
Snap, the company that runs Snapchat, opened on the New York Stock Exchange this morning at $24 per share. It raised $3.4 billion in its initial public offering (IPO) at a $24 billion valuation.
Last night Snap set its stock price at $17 per share.
For the NYSE, Snap’s IPO represents a rare moment; social networks scarcely go public.
Snapchat has grown considerably since 2011, when the service first gained fame as a purporte