Snapchat Said to Prepare Documents for IPO as Soon as March - The Boston Globe
'The social media site known for its disappearing texts and photos could fetch a market value of at least $25 billion, The Wall Street Journal reported Thursday. '
'It’s looking to file the necessary documents for a listing by the end of this year, one of the people said. '
'A 2017 IPO by Snapchat would be one of the flashiest in more than a year. '
'Since Snapchat will have less than $1 billion in revenue this year, it would be able to file its deal prospectus confidentially. '
'The company hasn’t formally hired banks to underwrite the IPO, two of the people said. '
[–] derram ago
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'The social media site known for its disappearing texts and photos could fetch a market value of at least $25 billion, The Wall Street Journal reported Thursday. '
'It’s looking to file the necessary documents for a listing by the end of this year, one of the people said. '
'A 2017 IPO by Snapchat would be one of the flashiest in more than a year. '
'Since Snapchat will have less than $1 billion in revenue this year, it would be able to file its deal prospectus confidentially. '
'The company hasn’t formally hired banks to underwrite the IPO, two of the people said. '
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