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Snap tumbles below IPO opening price as analysts say 'sell'

It fell to US$23.77 on Monday, valuing the company at about US$28 billion

Snap shares surged 44 per cent from the opening price of US$24 on Thursday. On Friday the stock climbed a further 11 per cent.

New York

AFTER a euphoric market debut, Snap Inc shares dropped for the first time in three days and fell below the opening price of US$24 on their first day of public trading after analysts began weighing in with their thoughts on the company's true valuation.

The parent company...

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