Snap Opens at $24 on NYSE as Shares Surge

The transcript discusses SNAP's IPO, highlighting a 40% increase in share price from $17.00 to $24.00. It examines market conditions, SNAP's valuation compared to Facebook and Twitter, and the IPO's execution by Goldman Sachs and Morgan Stanley. The discussion includes the potential for future tech IPOs and the importance of proving SNAP's valuation through increased revenue per user.

What was the initial share price increase for SNAP's IPO?

• From $15.00 to $20.00

• From $16.00 to $21.00

• From $17.00 to $23.61

• From $18.00 to $22.00

What percentage of the initially available shares were traded on SNAP's IPO day?

• 13% to 15%

• 10% to 12%

• 8% to 9%

• 5% to 7%

How does SNAP's valuation compare to Facebook's in terms of future revenue?

• SNAP is valued at 10 times future revenue, similar to Facebook

• SNAP is valued at 21 times future revenue, higher than Facebook

• SNAP is valued at 15 times future revenue, lower than Facebook

• SNAP is valued at 19 times future revenue, same as Facebook

What was a key concern for investors regarding SNAP's IPO valuation?

• Whether SNAP could reduce its operational costs

• Whether SNAP could expand into new markets

• Whether SNAP could increase its user base

• Whether SNAP could justify its high valuation with increased revenue per user

How did Twitter's IPO performance compare to SNAP's in terms of initial share price increase?

• Twitter's IPO had a larger increase than SNAP's

• Twitter's IPO had no increase

• Twitter's IPO had a similar increase to SNAP's

• Twitter's IPO had a smaller increase than SNAP's