Snap IPO Tops Twitter, but It's Still Not Facebook

Snap, parent company of Snapchat, makes its debut on the New York Stock Exchange.

Author:: TheStreet Staff
Publish date:: Mar 2, 2017 4:38 PM EST

Snap Inc. (SNAP) - Get Report , parent company of Snapchat, makes its debut on the New York Stock Exchange. Shares opened at $24, giving the five year old company a value of nearly $33.4 billion. In comparison, Facebook's (FB) - Get Report valuation following it's IPO in 2012 was $104 billion. Twitter (TWTR) - Get Report valuation in 2013, $24 billion.