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

Accepted submission by takyon at 2016-10-06 22:15:11
Techonomics

takyon [soylentnews.org] writes:

Let's get social! [reuters.com]

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 [wsj.com])

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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