Michael Sheen appears unsteady while onscreen wife Sharon Horgan smiles as the pair ride bikes while filming new BBC drama Best Interestsįerne McCann recalls her initial meeting with boyfriend Lorri Haines and gives fans a glimpse of their first date as First Time Mum returnsĪnyone for badminton? Prince William takes to the court as he pays a visit to Sports Key in Birminghamįrom navigating ships to commanding the kitchen: As MasterChef winner Eddie Scott is awarded the culinary trophy, MailOnline takes a look at his career 'I never really liked my own children': Chris Tarrant reflects on living with Ukrainian refugees and reveals joy over seeing baby living a 'normal' life in his home after admitting to 'emotional breakdown'ĭanniella Westbrook displays the results of her latest nose job after getting facial reconstructive surgery on the NHS as she heads home from bash Justin Bieber wears his own tour hoodie with his shirtless image on back as he dines with wife Hailey. 'I'm getting into all sorts of awkward positions!' Big Brother's Aisleyne Horgan-Wallace details 'satisfying toyboy lover' after go-kart accident The book was more than 10 times oversubscribed and Snap could have priced the IPO at as much as $19 a share, but the company wanted to focus on securing mutual funds as long-term investors rather than hedge funds looking to quickly sell, a source familiar with the matter said. Snap began trading into a market with keen hunger. It faces intense competition from larger rivals such as Facebook's Instagram as it grapples with decelerating user growth. The IPO has tested investor appetite for a social media app that is beloved by teenagers and people under 30 for applying bunny faces and vomiting rainbows onto selfies, but has yet to convert 'cool' into cash.ĭespite a nearly seven-fold increase in revenue, Los Angeles-based Snap's net loss widened 38 percent last year. After the first day of trading, it seems that decision was a good idea. In 2013, Facebook offered to buy the company from Spiegel and his co-founders for $3billion - an offer they turned down. He then dropped out of school in 2012, shortly before graduating, to focus on launching the app.
Los Angeles-born Spiegel got the idea for Snapchat while working on a school project at Stanford. 'It's exciting.'Īt the end of the day, Snap Inc's shares were valued at $24.48 a share - that's 44 per cent more than the company's IPO pricing 'How do we feel? We were just thinking about how do we answer that question,' an 'exhausted' Spiegel told the paper. The wunderkind was still in shock when the final bell rang on Thursday, when the Los Angeles Times asked him how he felt. His fianceé, model Miranda Kerr, proudly supported him from the trading room floor, where she took Snapchat selfies with friends during her soon-to-be-husband's big moment.Īt the end of the day, Spiegel is now worth more than $5.4billion, thanks to the more than 210 million shares she held onto and the 16 million he sold. But shy Spiegel quickly retreated to follow the day's trading in private. The company's 26-year-old CEO Evan Spiegel and his co-founder Bobby Murphy, 28, rang the opening bell at the NYSE Thursday morning.
Snapchat's IPO marked the biggest tech debut on the market since 2014, when Chinese online retailer Alibaba started trading. That means Snapchat is now worth an estimated $33billion - making the messaging app worth three times as much as social network rival Twitter. Snap Inc., the parent company of Snapchat, debuted to much fanfare on the N ew York Stock Exchange on Thursday, closing at $24.48 a share - 44 percent higher than their IPO pricing of $17 a share.