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Analyst: ‘Significantly overvalued’ Snap Inc. is a ‘sell’ Add to ...

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The first sell-side call on Snap Inc. is a resounding “sell.”

The owner of the Snapchat messaging app made its public market debut on Thursday, with its shares soaring by 50 per cent by mid-afternoon.

From its IPO price of $17 (U.S.), Snap shares surged north of $25, lifting the company’s market capitalization to nearly $30-billion.

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