Investing.com - (NYSE:Snap) shares extended gains Friday after a sterling debut on the NYSE.
The social media shares were up 1.31% at $24.80 in pre-market trade at 05:00 ET.
Snap rose 44% to $24.48 Thursday after setting its IPO price at $17, above the indicated range.
Snap has a market capitalization of around $28 billion.
The shares in the IPO carry no voting rights, raising issues of corporate governance.
The IPO was more than 10 times over-subscribed and steeply priced at some 60 times its revenues.