Snapchat working on IPO valuing firm at $25B-plus

Snap Inc., the parent company of virtual messaging app Snapchat, is working on an initial public offering that could value the company at $25 billion or more, people familiar with the matter told The Wall Street Journal.

Paperwork is being prepared for an IPO to start selling shares as early as late March.

If the company goes through with the plans, Snap would be the biggest business to go public on a U.S. exchange since 2014. That's when Chinese e-commerce company Alibaba Group Holding Ltd. made its debut with a $168 billion valuation.

Read more from The Wall Street Journal.