Snap shares hit new low in choppy trading as valuation concerns mount

Red flag?: Analysts flagging the company's slowing user growth, widening losses and lack of voting rights for outside investors.

Shares in Snap Inc hit a fresh low on Wednesday, falling as much as 2.6% before clawing back some losses in choppy trading as analysts questioned the company's prospects.

In its tenth day of trading after its US$3.4bil (RM15bil) public listing, the owner of the Snapchat messaging app was last down 0.9% at US$20.40 after hitting a low of US$20.05 in the first few minutes of trade.