Snap Shares Soar 44 Percent

Snap Inc. made an explosive initial public offering on Thursday as the price of its stock rose 44 percent to close at $24.48 a share following its debut at $17, reports the Business Journal. The parent company of disappearing content app Snapchat, Snap was valued at $28.3 billion at the close of the market.

Nimble Raises $9M

Nimble, a customer relationship management software developer, raised $9 million in a Series A round, reports TechCrunch. The startup aims to manage contact information inside Office 365 and G Suite.

Send tips on L.A. tech companies and startups to reporter Garrett Reim via greim@labusinessjournal.com. Follow @garrettreim on Twitter for the latest in L.A. tech news.

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