Jim Cramer: Snap Has to Take Advantage of IPO Window

Snap Inc., the owner of Snapchat, has got to come public because the IPO window could soon snap shut, says TheStreet's Jim Cramer. Snap Inc. has reportedly picked Morgan Stanley (MS) - Get Report  and Goldman Sachs (GS) - Get Report to lead its initial public offering, which could happen as early as late March. JPMorgan (JPM) - Get Report , Deutsche Bank (DB) - Get Report , Allen & Co., Barclays (BCS) - Get Report and Credit Suisse (CS) - Get Report will also reportedly help Snap Inc. as joint book runners. Morgan Stanley ran Facebook's (FB) - Get Report IPO, which had a $16 billion offering size. Snapchat reportedly expects to see $350 million in revenue for the year, up from $69 million last year.