Snap’s IPO is one of the most anticipated for a technology company since Twitter’s in 2013. That, in turn, had created the biggest stir since Facebook took its first bow on Wall Street in 2012. Twitter is now valued at $ 11 billion, while Facebook is $ 395 billion. Snap’s pricing valued the Los Angeles company at $ 24 billion.
Snapchat is best known for disappearing messages. It’s popular with young people, but growth has slowed down in recent months.