Jim Cramer Says Snapchat Could Go Public With a Valuation of $40 Billion
Responding to reports that Snapchat could go public next year, Jim Cramer says investors should expect a higher valuation than what's currently being discussed.
Jim Cramer says when Snapchat goes public, it will be at a much higher valuation than what's currently being speculated. Cramer believes the messaging company could be valued at $40 billion, rather than the $20 to $25 billion that's being talked about right now. Cramer says at the $25 billion level, Google (GOOGL) - Get Report would buy it, which is why he sees a higher pricing. According to published reports, a Snapchat IPO could come as early as March, and would be one of the biggest initial public offerings in the tech space in recent years.
