Snapchat offered its stocks at the price of $17 per share. This is slightly above the anticipated price of $14-$16 per share. On top of that, Snapchat has offered a moderately low amount of shares, it was planning to get an additional $3.4 billion due to the IPO.
Considering the fact that people were lining up to buy the stocks, it goes without saying that Snapchat has managed to the offload all of the inventory. This sets Snapchat closer to one of the most expensive US IPOs.