In March, messaging app Snapchat was valued at a whopping $15bn.
The app has made its 24-year-old founder Evan Spiegel the youngest billionaire in the world. How much is he worth? An eye-watering $1.5bn.
And now Spiegel has said Snapchat “needs to IPO” to continue growing exponentially.
At the conference, Spiegel also warned that the tech bubble could burst any time soon.
“I think that people are making riskier investments and … there will be a correction. It’s definitely something we factor into our plans,” he said.