Snap, owner of the Snapchat app, is expected to publicly file its IPO late next week, Recode reported, citing sources, Snap Inc. The company would then go public sometime in March. Nothing is yet certain and the timing of the IPO might still change. The sources said the five-year-old company’s valuation could reach USD 25 billion, but interest in the IPO could go higher if demand is strong. Snap had no comment on the report.
The offering is being led by Morgan Stanley and Goldman Sachs, with a number of other banks. The company renamed itself Snap in September, in a bid to show that its ambitions extend beyond Snapchat.
