Snap completed its much-anticipated IPO on Thursday, pricing shares at $17 (above its expected range of $14-$16) and raising $3.4 billion in the process. The stock opened for public trading at $24 and closed the day at $24.48 (up 44%), giving Snap a market cap of $28.3 billion.
For a company that many seemed so skeptical about, Snap performed rather well in its debut. But how does it compare to other recent tech IPOs and other similar companies of years past, like Facebook, Twitter and LinkedIn?
We’ve broken down some of the key metrics for a handful of companies’ IPOs to see just that.
Also don’t miss our Snap IPO datagraphic, which features all the need-to-know information about the “camera company.”
