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Wireless

Snapchat files secretly for IPO - report

Wednesday 16 November 2016 | 08:45 CET | News
Snapchat has filed for an initial public offering, sources familiar with the situation told Reuters. The company could go public as soon as March and be valued at USD 20-25 billion, making it one of the largest tech IPOs in recent years. Snapchat filed with the Securities and Exchange Commission under the US Jumpstart Our Business Startups Act. Companies with less than USD 1 billion in revenue can secretly file for an IPO, allowing them to quietly test investor appetite while keeping financials confidential. Snapchat declined to comment.

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Categories: Mobile & Wireless
Companies: Snapchat
Countries: World
::: add a comment

Comments

Very good idea. Am very happy for snap chat
richard. ato affadu @ 17/11/2016 - 12:17


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