Snap’s high-priced IPO rakes in cash for big acquisitions

 Most of Snap’s top products came from acquisitions, and now it will have the war chest to make more. Yet it didn’t have to blow its momentum to collect this cash. After pricing its IPO at $17, above its original $14 to $16 range, today its shares popped over 40 percent to start trading at $24. That means it pocketed $3.4 billion while still looking cool and confident on the… Read More

http://ift.tt/2dT7OnN Snap’s high-priced IPO rakes in cash for big acquisitions http://ift.tt/2lDHddE