Reports Say Snapchat Has Filed for an Initial Public Offering With a Valuation of Over $20 Billion
Snapchat may be one of the biggest technology IPOs in recent years, as the company files paperwork to go public at a potential price of up to $25 billion.
The parent company of Snapchat has filed paperwork for an initial public offering, according to published reports. The IPO may value the messaging platform at between $20 and $25 billion, according to the Wall Street Journal. The IPO is expected as early as March, and would be one of the biggest tech IPOs to hit the market in years. If the IPO occurs at that $20 billion plus price, it would be the largest U.S. listed tech offering since Chinese e-commerce company Alibaba made its debut in 2014.
