Snap shares close at IPO price of $17
Snap closed at its IPO price on Thursday, with shares hitting $17 for the first time since the company debuted on the New York Stock Exchange. Shares sank 4.9 percent in intraday trade, and are down 42 percent from their high of $29.44 on March 3, the second day of trading. The instant messaging and photo application began trading in early March. Its...