Snapchat's Parent Company Stocks Soar to $38billion on 2nd Day after NYSE Listing
March 4 , 2017
On its second day of listing at New York Stock Exchange (NYSE), stocks of Snap Inc. (company behind Snapchat) touched $27, soaring the tech company’s value to a whopping $38 billion. NBCUniversal has invested $500 million in Snap and agreed to hold the stocks for at least a year. The 6-year old company is now worth more than renowned brands such as Twitter, eBay, Delta, Target, and Hilton.