Snapchat owner values firm at $25bn for IPO
Snap Inc., the parent company of Snapchat, has filed confidentially for an initial public offering, according to people familiar with the matter.
Snapchat filed papers with the US Securities and Exchange Commission before last week's US presidential election, one of the people said, asking not to be identified as the details are private.The firm is targeting a valuation of $20bn (€18.5bn) to $25bn (€23.3bn) in a listing that could come as early as March, the source said. No final decision has been made on the size or timing of the IPO, they said. Last month, people familiar with the matter said the camera-application maker will seek to raise as much as $4bn at a valuation of about $25 billion to $35 billion.
Read more: Irish Independent
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