The IPO of Snapchat's parent company Snap, priced at $17 a share, generated significant amounts of investor attention, not just because of the company itself, but the people surrounding it.
CEO Evan Spiegel has become one of the most well-respected tech executives in recent years, and at such a young age, the 26-year old is likely to attract significant amounts of coverage. Often compared to former Apple (AAPL) CEO Steve Jobs, Spiegel is being pitched as knowing what products will attract the valuable Millennial consumer base.
Snap debuted Thursday on the New York Stock Exchange under the ticker (SNAP) . Here's a list of ten facts you should know.
1. It's a Wall Street bonanza
Goldman Sachs (GS) , J.P. Morgan (JPM) , Deutsche Bank (DB) , Barclays (BCS) , Credit Suisse (CS) and Allen & Co. are also listed on the prospectus. With an IPO this size, these investment banks will generate valuable fees from underwriting the offering.