Snap to launch IPO valuing the company at $25 bn: Report
Snap, the parent company of photo-sharing app Snapchat, is working on an initial public offering (IPO) that could value the company at $25 billion or more, the Wall Street Journal has reported. The company would reportedly sell shares around March 2017. Notably, this would be the largest IPO by a technology firm since e-commerce major Alibaba went public in 2014.