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Snapchat Files For Biggest IPO In Years

Snapchat Files For Biggest IPO In Years

Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014. The Venice, California-based company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd’s went public two years ago valued at $170.9 billion. It would be the largest U.S. technology IPO since Facebook Inc’s debut in 2012 with a value of $81.2 billion.

Article source: http://www.huffingtonpost.com/entry/snapchat-ipo_us_582ba8bde4b01d8a014b456a?section=us_technology

Photo source: By Mirjana Ventura (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons