Snapchat prepares for IPO that could value app at $25bn, reports say
by Reuters from Technology | The Guardian on (#21RDA)
Initial public offering could come as soon as March and value Snapchat at $20bn to $25bn, making it one of the biggest technology offerings in recent years
Messaging app Snapchat has filed confidentially with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO), sources familiar with the situation said on Tuesday.
The filing puts the Venice, California-based company one step further towards its IPO, which sources say could come as soon as March and value it at $20bn to $25bn, making it one of the biggest technology offerings in recent years.
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