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 factors contributed to the excitement around SNAP's IPO according to the discussion?

What was the market sentiment regarding the valuation of SNAP compared to Facebook and Twitter?