IPOs

Shares of Snap Inc slumped 12 percent on Monday and closed at their lowest level of the three sessions since the Snapchat owner's soaring market debut last week.

Wall Street is buzzing about Snapchat’s wildly successful trading debut, which bested Facebook’s, Alibaba’s and Google’s. At the outset of trading Thursday, the stock jumped more than 40 percent to $24 a share, no thanks to Main Street investors who were largely left out of the action.

Wall Street is buzzing about Snapchat’s wildly successful trading debut, which bested Facebook’s, Alibaba’s and Google’s. At the outset of trading Thursday, the stock jumped more than 40 percent to $24 a share, no thanks to Main Street investors who were largely left out of the action.

The Snapchat parent’s hot IPO may have raised $3.4 billion, but more important, it raised awareness.

The Snapchat parent’s hot IPO may have raised $3.4 billion, but more important, it raised awareness.

Snap Inc. (NYSE:SNAP), the parent company of messaging app Snapchat, made its debut on the New York Stock Exchange Thursday surging d 44% on its first day of trading.

Snap Inc. (NYSE:SNAP), the parent company of messaging app Snapchat, made its debut on the New York Stock Exchange Thursday surging d 44% on its first day of trading.

U.S. stocks retreated on Thursday, dragged by financial shares, while Caterpillar tumbled following news that federal officials searched the company's Illinois facilities.

Institutional investors anxious not to be left out of this year's marquee initial public offering helped Snap Inc pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc smashed records in 2014.

Institutional investors anxious not to be left out of this year's marquee initial public offering helped Snap Inc pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc smashed records in 2014.