02-03-2017 23:31 via

Snap soars on IPO, now what?

Let’s talk about Snap, the business behind Snapchat and those bizarre Spectacles. The company went public today and shares closed for the day 44 percent higher than its pricing at the open. The IPO is the largest ever for a Los Angeles-based company and Snap currently enjoys a market cap almost three times as large as Twitter. (When the market closed today, Snap's stock was at $24.48 with a market cap of $28.33 billion.)Where the five-year old company goes from here, however, is unclear. T
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