YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Snap Inc., Snapchat's parent company, confidentially filed for an initial public offering, sources familiar with the matter told Reuters.
The Venice, California-based company could go public as soon as March. Its valuation could be $20 billion to $25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd.'s 2012 debut valued at $170.9 billion.
According to Reuters, Snapchat was able to file the IPO confidentially because it has less than $1 billion in revenue.
Read more from Reuters.
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