SNAP IPO Closes at $24.48 Up 44% First DayTrading, Tulip Mania? (video)

The term "tulip mania" is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.

Snap Inc. NYSE:SNAP began publicly trading March 2, 2017

Snap starts trading at $24, up 41% from IPO price | VentureBeat.com and Snap pops at market open to $24, valuing company at $33 billion--Forbes.com.

and closes at $24.48, up 44% from IPO price of $17 a share:

Snap Inc. is a U.S.-based multinational technology and social media company, founded September 16, 2011 by Evan Spiegel and Bobby Murphy, based in Venice, Los Angeles. Its products include Snapchat and Spectacles, as well as the Bitmoji app.

Stock exchange: Symbol - NYSE: SNAP

Domains include: 

snap.com

snapchat.com

spectacles.com

bitmoji.com

bitstrips.com

Investor relations website: investor.snap.com

SNAP | sec.gov (S.E.C. filings for Snap Inc.)

Selected $SNAP tweets March 2, 2017:

WATCH: Here's the moment when $SNAP started trading on the @NYSE and soared more than 40%. https://t.co/AXsZAU88fh pic.twitter.com/Zul9u7s6CC

— CNBC (@CNBC) March 2, 2017

Snap's IPO:
-Company valued at $23.7 billion
-Shares priced at $17
-Snap sells 200 million shares to raise $3.4 billion#CheddarLIVE $SNAP pic.twitter.com/zzAsEwb8Pr

— Cheddar (@cheddar) March 1, 2017

$SNAP opens $24 after pricing at $17 per share. The scene at @NYSE: https://t.co/IL62SLl6W5 pic.twitter.com/ySMenpJH69

— Reuters Business (@ReutersBiz) March 2, 2017

The VCs that crushed it. They were early investors in Snapchat. Here are their returns.$SNAP visual by @EquityZen https://t.co/sek3hJ6FIw pic.twitter.com/E5gZ6PZy7E

— StockTwits (@StockTwits) March 2, 2017

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