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First to our lead. Snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 24. 28. Fore closing at the maker of the disappearing photo app ended a long tech ipo drought. We caught up with our Bloomberg Technology reporter alex barinka and sarah frier, who covers snap. If you think about the range, typical ipo, 20 to 30 . This one will have more buzz baked in. If you look at twitter, it was, what . 70plus percent on day one . Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the ipo for investors. It has almost tripled its ipo value, facebook down 31 after one year. Twitter, down 10 , now down 65 . Talk us through the managing of expectation. The roadshow was not all smooth. Many q ....
First to our lead. Snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 24. 28. Fore closing at the maker of the disappearing photo app ended a long tech ipo drought. We caught up with our Bloomberg Technology reporter alex barinka and sarah frier, who covers snap. If you think about the range, typical ipo, 20 to 30 . This one will have more buzz baked in. If you look at twitter, it was, what . 70plus percent on day one . Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the ipo for investors. It has almost tripled its ipo value, facebook down 31 after one year. Twitter, down 10 , now down 65 . Talk us through the managing of expectation. The roadshow was not all smooth. Many q ....
First, snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 26. It closed at 24. 48. The maker of the disappearing photo app ended a long tech ipo drought. We caught up with Bloomberg Ipo reporter alex barinka and sarah frier. If you think about the range, a typical ipo you like to see 20 to 30 . This one will have more buzz baked in. Twitter was 70 percent plus on day one. Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. There was not a lot of swinging going on. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the return for investors. If you look at the ipo scoreboard, facebook now almost triple its ipo value. Twitter, down 10 , now down 65 . It is worth remembering that what happens on the first day of an ipo is not always remai ....
First, snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 26. It closed at 24. 48. The maker of the disappearing photo app ended a long tech ipo drought. We caught up with Bloomberg Ipo reporter alex barinka and sarah frier. If you think about the range, a typical ipo you like to see 20 to 30 . This one will have more buzz baked in. Twitter was 70 percent plus on day one. Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. There was not a lot of swinging going on. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the return for investors. If you look at the ipo scoreboard, facebook now almost triple its ipo value. Twitter, down 10 , now down 65 . It is worth remembering that what happens on the first day of an ipo is not always remai ....
General motors is ready to announce the sale of the struggling european union. Is said tor vauxhall be worth about 2 billion u. S. It would give gm an answer from a business that has lost it more than 9 billion from 2009. Breaking news right now a prosecutor accusing samsung of conspiring to hide bribes. We will continue to follow this story and give you more details as we get them. We are watching a live picture there out of seoul on these announcements. Again, a prosecutor accusing the samsung heir of conspiring to hide bribes. More on that later on. This is bloomberg. Caroline i am caroline hyde. This is the best of Bloomberg Technology. We bring you all of our top interviews from this week in tech. Coming up, snap. The big picture. We get you up to speed on the trading day debut as tech ushers in its first ipo of the year. Plus, Travis Kalanick gets his closeup, an ....