On 2nd of March 2017 Snap Inc was listed on the New York Stock Exchange. Its initial public offering IPO was priced at 17 per share Snap raised 34 billion dollars by issuing 200 million new shares in the market. On 16th of March assume the share price is 20 per share. Eve wants to buy 1000 shares of Snap do she purchase the shares from Snap or other investors. Does Snap Inc involve in this transaction? Why?

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For this let we have to understand what IPO is IPO initial public offering is a process of offerings ... View the full answer