Snap expects some IPO investors to make year-long commitments

http://feeds.reuters.com/~r/reuters/businessNews/~3/p0A0liWQaRY/us-snap-ipo-idUSKBN16703K

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(Reuters) - Snap Inc, owner of popular messaging app Snapchat, disclosed on Monday that it expected investors buying up to a quarter of the shares in its $3.2 billion initial public offering this week to agree not to sell them for a year.

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