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Snap Pops in Trading Debut, Outperforms Most Large IPOs

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User Growth Concerns Linger Despite Snap IPO Exuberance

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Snap Inc. started strong in its first day of trading, opening 41 percent above the $17 initial public offering price. Over the past five years, 17 companies have each raised at least $2 billion in IPOs on U.S. exchanges, and Snap’s opening gain outperformed all of them except for Twitter Inc.

Shares in Twitter opened up 73 percent in their 2013 debut, but have since reversed course, now down by about 39 percent from the IPO.