Thursday, October 6, 2016
Snapchat Aims At March IPO, Says Report
Venice-based instant messaging company Snap Inc.--otherwise known as SnapChat, is aiming at a March IPO, according to a report on Thursday afternoon. The WSJ reports that the company is looking to hit the market as early as March, in a deal which would value the company at $25 billion. Snapchat has been rumored to have been working on an IPO for several months now, and had been looking to choose an investment bank for the offering earlier this year.