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Snap slips below IPO price amid doubts over future growth
Published Tue, Jul 11, 2017 · 09:50 PM
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San Francisco
SNAP Inc shares fell below their initial public offering (IPO) price for the first time amid questions about the company's ability to grow as fast as initially expected and after recent declines in technology stocks worldwide.
The stock closed down 1.1 per cent at US$16.99 in New York on Monday, below the US$17 IPO price set on March 1 and having earl…
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