- Snap raised $3.4 billion in its IPO, in the biggest social-media IPO since Twitter.
- Snap sold 200 million shares in its IPO at $17 each, above the $14 to $16 marketed range.
- Shares opened at $24 apiece, above IPO price of $17.
- Its market valuation at the IPO price, of about $20 billion, implies a revenue multiple of about 21 (twice that of Facebook)