Snapchat Parent Snap Begins Trading at the New York Stock Exchange

Shares are expected to begin trading around $17, which means Snap has a valuation of roughly $24 billion.

Author:: Jane King
Publish date:: Mar 2, 2017 7:18 AM EST

Snap (SNAP) - Get Report shares are expected to begin trading around $17, which means the company has a valuation of $24 billion. The parent of popular social network app, Snapchat, will trade at the New York Stock Exchange under the ticker symbol 'SNAP'. The Justice Department says U.S. Attorney General Jeff Sessions spoke with the Russian Ambassador during the election. Sessions did not disclose those communications at this confirmation hearing in January when asked whether 'anyone affiliated' with the campaign had contact with the Russians. Sessions told Fox News that he never met with any Russian officials to discuss issues of the campaign and has no idea what the allegation is about. Democrats are asking for Sessions to recuse himself from an investigation into Russia's role in the election. The Dow looks to take a pause after a roaring rally Wednesday. The blue chips rose more than 300 points to close above 21,000.