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The Company Formerly Known as Snapchat may be Worth $25 Billion

posted by martyb on Saturday October 08 2016, @08:11AM   Printer-friendly
from the picture-this! dept.

takyon writes:

Let's get social!

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.

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  • (Score: 2) by el_oscuro on Saturday October 08 2016, @03:50PM

    by el_oscuro (1711) on Saturday October 08 2016, @03:50PM (#411763)

    I think this guy [xkcd.com] finally cashed out

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