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General

Snap IPO valuation could reach USD 4 bln - report

Thursday 27 October 2016 | 13:37 CET | News
Snap, the company formerly known as Snapchat, is hoping to raise up to USD 4 billion with its initial public offering, Bloomberg reported, citing sources familiar with the matter. The IPO could value the company at USD 25-35 billion and even 40 billion, the sources said, adding that no final decision has been made and that the size of the IPO may change, they said.

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Categories: General
Companies: Credit Suisse / Morgan Stanley / Snap / Snapchat
Countries: World
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