SEC to question Snap's transparency for investors

Committee is scheduled to discuss the matter in a meeting on March 9

An investor committee that advises the US Securities and Exchange Commission will next week review if Snap Inc's decision to deny shareholders voting rights might also reduce the social media company's public disclosures on executive pay and other governance matters, the head of that committee told Reuters on Wednesday. Snap, the parent of the popular messaging app Snapchat, priced its eagerly awaited initial public offering at $17 per share on Wednesday, above the expected range, giving the company a value of close to $24 billion, the richest in a US tech IPO since Facebook Inc in 2012.

The IPO shares