In the largest IPO initial IPO of American technology since Facebook, percussion both Evan Spiegel and Bobby Murphy founders of the company Snape opening of the trading session bell on Thursday on the first day of the company on the stock exchange in which the value of the company amounted to $ 33 billion.
Snape has made money in circulation exceeds its forecast yesterday, the company has set the price of $ 17 per share to collect $ 3.4 billion from the sale of 200 million shares (of which 55 million shares owned by top managers and investors) to reach the company's value to $ 24 billion.
But what happened when trading the stock price jumped to $ 24 to raise the company's market value to $ 33 billion. It is not uncommon to have an amazing turnout on the company's share amounted to 12 times the amount of stock available for sale.
While people accept Snape to buy shares on the first day of trading, the former investors are finding an opportunity to sell their shares, the investor Mitchell Lasky and his company Investment Risk earned $ 182 million on the sale of approximately 10 million shares they own. As well as Chairman of the Board Michael Lynton collect about 933 thousand dollars from the sale of some shares and still owns 2.9 million shares valued at more than $ 50 million.
Source Agencies
Source Agencies