Snapchat company's planned IPO could put value at $25bn – report
by Sam Thielman in New York from Technology | The Guardian on (#1X80W)
The share sale of Snap Inc, which owns the popular picture and video-sharing app, would be largest on US stock exchange since 2014, if report proves true
Snap Inc, the company that owns picture- and video-sharing app Snapchat, is planning an initial public offering that could value the company at a minimum of $25bn, according to a report in the Wall Street Journal.
If the report proves true, the share sale would be the largest on a US stock exchange since 2014, when Chinese e-commerce service Alibaba was first listed at a value of $168bn.
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