Snapchat shares to begin trading on NYSE | Business Insider

Snap Inc. will make its debut as a publicly traded company on the New York Stock Exchange Thursday morning.

The parent company of Snapchat priced an initial public offering of 200 million shares at $17 apiece. That raised $3.4 billion for the company and some investors, and gives Snap a valuation of nearly $24 billion.

The stock is currently indicated to open at between $22 and $24 a share, according to price indications at 10:15 a.m. E.T.

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