March 2, 2017 / 4:28 PM / 5 months ago

Snap Inc opens at $24 after pricing at $17 per share

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NEW YORK, March 2 (Reuters) - Snap Inc shares opened for trading on Thursday at $24 on the New York Stock Exchange after pricing on Wednesday at $17 per share.

Snap's initial public offering was oversubscribed more than 10 times, indicating a hunger for the shares that was expected to produce a pop on the first day of trading.

The shares recently traded up 45.1 percent at $24.67. (Reporting by Rodrigo Campos; Editing by Meredith Mazzilli)

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