34 Billion IPO....
Loses 500 Million/year
They could EASILY say exactly what they're saying about SNAP here -- about Microvision.
Microvision is ridiculously undervalued.
Snap shares closed their first day of trading up 44 percent at $24.48 a share, quenching a long drought in the market for tech IPOs.
More than 200 million shares — the entire size of the offering — changed hands over the course of the day, accounting for roughly 10 percent of the total volume of trading on the New York Stock Exchange on Thursday.
The stock opened shortly before 11:20 a.m. on Thursday in New York, and started trading at $24 a share, rising 41.2 percent from its pricing at the open. The company, trading under the ticker SNAP, priced its public offering at $17 a share on Wednesday.
Share prices rose as high as $26.05, according to FactSet, and fell as low as $23.50.
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