Home Business NewsTech NewsSnapchat gearing up for $25bn IPO

Snapchat gearing up for $25bn IPO

by
7th Oct 16 10:00 am

Another tech IPO in the offing

Snapchatโ€™s 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: โ€œWe arenโ€™t commenting on rumors or speculation about any financing plans.โ€

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