Snapchat Parent Files Confidentially For IPO, WSJ Reports

By MarketsMarketWatch Pulse

Snap Inc., the parent company of Snapchat, has filed confidentially for an initial public offering, the Wall Street Journal reported Tuesday, citing sources familiar with the matter. The offering could value Snap between $20 billion and $25 billion, a source told the WSJ. The company had filed the papers ahead of the presidential election and could go public as early as March, according to the article.

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