Snapchat parent working on IPO valuing firm at $25 billion or more: WSJ

Snapchat parent working on IPO valuing firm at $25 billion or more: WSJ
 

Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter.
Snap Inc, which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March, the Journal reported. (on.wsj.com/2cVicKG)
An IPO valued at $25 billion would be significantly higher than Snapchat's most recent valuation of $17.81 billion, based on a $1.81 billion financing round in May.
It would also represent... read more

 
7 October 2016 in Business, Views: 49
Source: Reuters
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