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Snapchat is reportedly filing its IPO

Reuters is reporting that Snapchat has filed a confidential IPO. This information comes via this tweet: BREAKING: Snapchat has filed confidentially for its IPO – sources pic.twitter.com/1bMj5j6tfy — Reuters Tech News (@ReutersTech) November 15, 2016 Here’s what we know so far:  • Anonymous sources spoke with Bloomberg News in October saying Snapchat aims to raise … Continue reading “Snapchat is reportedly filing its IPO”

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Reuters is reporting that Snapchat has filed a confidential IPO. This information comes via this tweet:

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Here’s what we know so far:

 • Anonymous sources spoke with Bloomberg News in October saying Snapchat aims to raise as much as $4 billion, giving the company a valuation in the range of $25 billion to $25 billion.

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 • Bloomberg adds that one source said the “valuation could reach as much as $40 billion.”

We’ll update as more information comes in.

About the author

Cale is a Brooklyn-based reporter. He writes about many things.

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