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  • 11.15.16

Snapchat is reportedly filing its IPO

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

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.

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

We’ll update as more information comes in.CGW