Soon we’ll not be supporting this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Snap Inc first day of trading

George Salmon | 2 March 2017 | A A A
Snap Inc first day of trading

No recommendation

No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.

Snap Inc USD0.00001 A

Sell: 74.75 | Buy: 74.78 | Change 2.28 (3.15%)
Chart View factsheet

Market closed | Prices delayed by at least 15 minutes | Switch to live prices

Snap Inc, owner of the popular Snapchat app, has priced its eagerly awaited Initial Public Offering (IPO) at $17 per share, valuing the company at $24 billion.

The shares are now trading on the New York Stock Exchange under the code of 'SNAP'.

Our View

Recent tech IPOs have been mixed. After the shares tumbled initially, Facebook has proven a success, but Twitter is finding life as a listed company tough so far.

With around 150m daily users, Snapchat is more popular than Twitter. However, the investment case is about more than monetising the app. The group is pitching itself as a camera company, and hopes that innovations such as 'Spectacles', essentially sunglasses that can record video, can transform how we see the world. For now though it is still making significant losses, over $500m last year.

How to buy Snap Inc shares

Investors can buy Snap Inc. and thousands of other US shares online with Hargreaves Lansdown, just like a UK share. View our charges.

If you are planning to buy Snap Inc, or any other American-listed shares, through Hargreaves Lansdown you will need to have a Vantage Account open with money available to invest. You will also need to complete a W-8BEN form which is a declaration that you are not a US resident for tax purposes and means you could pay less tax on any income. Please note tax rules can change and any reliefs depend on your circumstances.

Stay up to date with the latest IPO news

Private investors are usually only able to apply for a handful of IPOs each year, but when they are, it often happens very quickly with little notice. Make sure you don't miss out, register now for your free IPO email alerts.

Register and you will receive an email alert as soon as we know about the next IPO available to private investors through Hargreaves Lansdown. You'll have all the information available to help you decide whether the investment is right for you.

IPOs and new share launches are likely to be a consideration for more diverse, larger portfolios. The shares may not have a long track record and could be difficult to value.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research for more information.