Snap issues maiden convertible bond after share rally

Aidan Gregory

August 07, 2019 11:30 am

Evan_Spiegel_Snap_PA_230x150 — (170302) -- NEW YORK, March 2, 2017 (Xinhua) -- Snap Inc. co-founder Bobby Murphy(L) and CEO Evan Spiegel(C) ring the opening bell at the New York Stock Exchange in New York, the United States, March 2, 2017. Snap made its trading debut on the New York Stock Exchange (NYSE) on Thursday, in the largest technology initial public offering since Alibaba. (Xinhua/Wang Ying) (Photo by Xinhua/Sipa USA) | Xinhua/SIPA USA/PA Images

Snap, the US technology company behind Snapchat, has issued a $1.1bn convertible bond due in 2026, after the stock began to trade above its IPO price again following a strong set of first half results a fortnight ago

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Aidan Gregory