The company offered 200 million shares of stock, putting the total value of the initial public offering at $3.4 billion.
Nevertheless, people are excited, though Snap's $17 a share pales in comparison to Facebook's IPO, where shares were priced at $38 a pop.
Unlike in most listed companies, people who buy the floated shares in Snap will not get any voting rights.
There was worry that Snapchat would not perform well at their IPO as the company saw a slow down in use with the launch of similar features by Instagram and Facebook.
Snapchat averaged 158 million daily active users for the fourth quarter of 2016, an increase of 48 per cent year over year but up only three per cent sequentially from 153 million in the third quarter.
Some Silicon Valley observers say the IPO should encourage other growing tech companies to go public, even if they're not yet showing a profit.
Jordan Hiscott, chief trader at Ayondo Markets, added: "Snap is undoubtedly the most talked-about tech IPO since Facebook and it's fantastic when you think of its humble beginnings just six years ago".
Bernadette Tansey is Xconomy's San Francisco Editor.
Moreover, 26-year-old Spiegel will continue to hold a stake of about 17 percent in the company, valued at $4.05 billion.
And Snap Inc.'s founders and early investors are set to rake in some major cash selling off some of their own shares. Spiegel planned to sell 16 million shares as part of the IPO, netting another $272 million. Plus, user growth stagnated in the final quarter of past year.
Snap's IPO is one of the most anticipated for a technology company since Twitter's stock market debut in 2013. The company saw a solid first day of trading, but then saw a lot of volatility in the following months.
While Snapchat is a camera-driven app-the majority of messages sent between users contain videos or photos taken with users' phones-it seems a stretch to think that this is what CEO Evan Spiegel means by "camera company". Last year, it reported sales of $405 million and a net loss of $515 million.
The two agencies will work together to achieve "a technology-neutral privacy framework for the online world", they said. At the same time, they have introduced proposals to weaken the ability for the FTC to protect consumer privacy as well.
The IAS association have protested Sudhir Kumar's arrest and chose to meet Bihar Chief Minister Nitish Kumar over the matter. The release said the Association has "decided to bear all legal and other expenses on his behalf".
Still bitter after the breakup? John Mellencamp said in a new interview that his ex-girlfriend Meg Ryan is not his biggest fan. Mellencamp went on to a yearlong relationship with Sag Harbor supermodel Christie Brinkley before the two broke up in August.
Pakistani Prime Minister Nawaz Sharif has opened a key economic summit aimed at improving trade ties amid unprecedented security. He appreciated President Ilham Aliyev of Azerbaijan for ably steering the ECO since the 2012 summit in Baku.
Dressed in a attractive custom-made Atelier Versace gown complete with a feathered ombre train, Amal posed up a storm for cameras. I am so anxious to see what the future holds for us and a little anxious as we think about what lies ahead in the coming months.
Described as intoxicated, the pair would be notified of their rights by police once they left the sobering cell, LCI reported. O'Connor, 26, plays for Toulon having previously played for London Irish and made 44 appearances for Australia.
When Savannah agreed that watching middle-aged versions of the " Friends " cast would be "boring", Lisa replied: "Right". Asked if she could see herself getting the cast together, the blonde quipped: 'Me personally? No.
In addition, on-screen buttons are visible at the bottom of the screen, while the power/lock button is located on the right side. Samsung will need to convince potential Galaxy S8 buyers that the phone will be safe, unlike the fire-prone Note 7.
India's GDP expands 7% in Q3
This comes as a pleasant surprise as demonetisation effect do not seem to have affected the GDP growth by much. Chief statistician T.C.A Anant said that it was hard to assess the full impact of demonetization.
Wilbur Ross confirmed to lead Commerce Department
The bank's former chairman, Vladimir Strzhalkovsky, is reportedly close to President Putin, a fellow former KGB agent. Twenty-one Democratic Senators joined with all of the Republicans in the chamber to approve Ross' nomination.
As expected, Steelers place franchise tag on Le'Veon Bell
The Pittsburgh Steelers have placed their franchise tag on star running back Le'Veon Bell, a source told ESPN's Adam Schefter. If both sides fail to agree to a new contract by that date, then Bell will play under the franchise tag for the 2017 season.
5 things you need to know about the BlackBerry KeyOne
A fingerprint sensor has been embedded into the space bar and the device comes pre-loaded with Blackberry Security Software . It sports an 8-megapixel front facing camera featuring f2.2, 1.125um pixel size and 84-degree wide angle/field of view lens.
Transgender teenager Mack Beggs wins Texas wrestling title
In a previous tournament, two of Beggs' opponents forfeited rather than fight. "The thing is we want to wrestle each other". As for the hormone use, the state policy allows Beggs to compete because he's changing genders under the care of a doctor.