T. Rowe Price Group Inc. is among the big winners from Snap Inc.’s initial public offering, with its stake worth more than $43 million. Several of the Baltimore money manager’s mutual funds have stakes in Snap (NYSE: SNAP), the parent of disappearing message service Snapchat. Snap’s IPO Thursday raised $3.4 billion at $17 per share, the most by a U.S.-based company since Facebook went public in 2012. The company finished its first day of trading at $24.46, up nearly 44 percent. An analysis of fund…
from http://www.bizjournals.com/baltimore/news/2017/03/06/snaps-3-4-billion-ipo-meant-big-money-for-t-rowe.html?ana=RSS%26s=article_search
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