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Report: Snapchat Files for IPO

         

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11:21 am on Nov 16, 2016 (gmt 0)

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According to Reuters, and it's sources, Snapchat has filed for IPO by March, and it could value the company at $20 billion.

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 (BABA.N) went public two years ago valued at $170.9 billion. It would be the largest U.S. technology IPO since Facebook Inc's (FB.O) debut in 2012 with a value of $81.2 billion. Report: Snapchat Files for IPO [reuters.com]