Snap Shares Rise as Underwriters Start Coverage with 'Buy'

Snap Inc., owner of messaging app Snapchat, received top ratings from a number of its IPO underwriters on Monday, sending its shares up more than 3 percent in premarket trading. Snap had a red-hot debut on March 1 in what was the largest listing by a technology firm in three years. However, many investors have been critical of the company's lack of profitability and decelerating user growth. At least six brokerages, including Morgan Stanley and Goldman Sachs, rated the stock...

© La Voix de l'Amérique - lundi 27 mars 2017