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Snap stormed Wall Street on Thursday as some 80m shares exchanged hands within 20 minutes of its first trade, sending it to the top of volume charts for US exchanges.

Looking at companies with market values over $50m, Advanced Micro Devices was the second-most traded stock, with volume of 46.9m, Bloomberg data show.

Snap shares performed well in their debut on the Big Board, zooming higher as much as 48.2 per cent to $25.20. The group, which is the parent of the vanishing messaging app Snapchat, priced its IPO on Wednesday at $17 a share, above its projected range of $14 – $16.

Copyright The Financial Times Limited 2017. All rights reserved.

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