Stock of the Day
Stock of the Day
Out of context: Reply #70
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- teh0
Hope everyone got in close to $17.00.
Snap Inc. Announces Closing of Initial Public Offering and Full Exercise of Underwriters Option to Purchase Additional Common Stock.
Snap Inc. (NYSE: SNAP) today announced the closing of its public offering at $17 per share. Snap and the selling stockholders sold 230,000,000 shares of Class A common stock, including 30,000,000 shares of Class A common stock after the underwriters fully exercised their option to purchase additional Class A common stock from Snap and some of the selling stockholders at the initial public offering price, less the underwriting discount. Snap and the selling stockholders raised gross proceeds of $3.91 billion from the offering.