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5) Snapchat Working on an $25 billion IPO (5 of 5)
5) Snapchat Working on an $25 billion IPO (5 of 5)
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Snap Inc, the parent company of Snapchat has revealed that it is considering an initial public offering (IPO), which is valued at $25 billion or more! The Wall Street Journal is reporting that Snap Inc is looking to start selling shares as early as March 2017.
It is going to be the largest IPO by a technology company, and comes after Alibaba Group, the Chinese e-commerce giant, which raised $21.8 billion for investors and the company, when it went public.