All Snapchat IPO investors lose money on the app's stock
Snapchat stock has fallen below its IPO price of $17 for the first time since it went public in March, making all the IPO investors lose money on the stock. Snapchat shares had opened on its first trading day at $24 a share. However, Snapchat has lost $10 billion in valuation since IPO, down from $31 billion to $20 billion.