Snapchat parent Snap valued at $24 billion after IPO

Back in June 2013, Snapchat raised $60 million in financing with the company valued at $800 million. A few months later, Snapchat turned down $3 billion for the company. That must have been hard to do, but it was definitely the right thing. Here it is, nearly four years later, and Snapchat's parent company has just gone public at a valuation of $24 billion. All of those venture capitalists that invested in the early funding rounds have made a fortune, at least on paper.

Snap's IPO was priced at $17 after the market closed on Wednesday. Snap becomes the largest tech IPO since Facebook went ...