Another tech IPO in the offing
Snapchatโs parent company is gearing up for a stock market listing that could value the photo-messaging company at up to $25bn (ยฃ19.8bn).
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 USโ largest after Chinese giant Alibaba joined the stock exchange with a $168m valuation.ย
The news comes after Snapchat raised $17.8bn in a funding round in May.ย
A Snapchat spokesman said: โWe arenโt commenting on rumors or speculation about any financing plans.โ
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