Another tech IPO in the offing
Snapchat’s parent company is gearing up for a stock market listing that could value the photo-messaging company at up to $25bn (£19.8bn).
The four-year-old Californian business could make a stock market debut as early as March.
If plans go through, the listing would be the US’ largest after Chinese giant Alibaba joined the stock exchange with a $168m valuation.
The news comes after Snapchat raised $17.8bn in a funding round in May.
A Snapchat spokesman said: “We aren’t commenting on rumors or speculation about any financing plans.”