CNBC Fast Money March 2, 2017
Street. Bob pisani. A lot of fun today the company priced at 17 per share, it closed at 24. 48. I call that a successful opening. Now snap has a market cap, 34 billion. This is the same neighborhood as travellers, deere, General Mills and marriott. Why the healthy pop . The markets are trading near historic highs. Second investors have been starved for a high demand ipo for a long time. Third ipo returns have been strong. The average ipo is up 26 in the last year. And finally, the number of shares the company floated pretty small, just about 14 of the total shares outstanding. This was a great...