Snapchat goes public at $29bn and makes co-founders tech billionaires
by Edward Helmore in New York from on (#2EGJZ)
Snap Inc's IPO pushes Evan Spiegel and Bobby Murphy's company ahead of Twitter and potentially creates a serious rival for Facebook
Snap Inc, the company behind disappearing messaging app Snapchat, has gone public with stocks soaring 44% on their first day of trading and valuing the company at $28bn.
The market debut of the loss-making tech enterprise on Thursday catapulted its twentysomething co-founders Evan Spiegel and Bobby Murphy into the top tier of the tech billionaires.
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