Home Blog (Technology) Is Snapchat’s IPO – Trick, or Treat?

(Technology) Is Snapchat’s IPO – Trick, or Treat?

The New York Stock Exchange is prepared for the IPO of Snap Inc., Thursday, March 2, 2017. The company behind the popular messaging app Snapchat is expected to start trading Thursday after a better-than-expected stock offering. (AP Photo/Mark Lennihan)
A banner for Snap Inc. hangs from the front of the New York Stock Exchange, Thursday, March 2, 2017, in New York. The company behind the popular messaging app Snapchat is expected to start trading Thursday after a better-than-expected stock offering. (AP Photo/Mark Lennihan)

On March 2nd, at 11:08am EST, Snapchat Inc released its IPO, or Initial Public Offering. It started at $17 a share, and within the day, it shot up to $28/share.

Should Millennials be buying this stock as a way to make quick cash? That is still unknown. So far its continues a nice upward trend, but as with any stock, that can change in a matter of minutes.

Image Source: AP Images

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