4 Takeaways From Snap's Blockbuster IPO

By Tom Zanki (March 2, 2017, 7:52 PM EST) -- Snapchat maker Snap Inc.'s long-awaited $3.4 billion initial public offering lived up to hype Thursday, generating a 44 percent opening-day surge in share price and injecting energy into a slow-moving IPO market that is beginning to perk up.

Shares of Snap rallied to close at $24.48 Thursday on the New York Stock Exchange. The robust debut came one day after the company sold 200 million shares at $17 each, beating its earlier forecast of $14 to $16 and giving the social media darling a roughly $24 billion valuation.

Snap's massive IPO, steered by Cooley LLP, marked the largest technology offering since Chinese e-commerce...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!