Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, The Wall Street Journal reported, citing several people familiar with the matter. Snap Inc, which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March, the Journal reported. (on.wsj.com/2cVicKG)
An IPO valued at $25 billion would be significantly higher than Snapchat's most recent valuation of $17.81 billion, based on a $1.81 billion financing round in May.
(Score: 3, Insightful) by FatPhil on Saturday October 08 2016, @08:17AM
Are we just pawns in someone's pump and dump?
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 0) by Anonymous Coward on Saturday October 08 2016, @08:29AM
Remember when tech companies developed technology, instead of financial fraud? No, I don't remember, either.
(Score: 2) by FatPhil on Sunday October 09 2016, @07:17PM
Then egain, we're one of the weird ones who gives our tech away for free.
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves