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Nov 16, 2016
Snapchat Files for $25 Billion IPO
Snap Inc., formerly known as Snapchat, is making headlines: the makers of the well-known messaging app have reportedly made a confidential filing for an initial public offering. The IPO, which could come as soon as March, could be valued as high as US$25 billion. This valuation would qualify it as one the biggest technology offerings in recent years. Reuters and The Wall Street Journal first broke the story. TechCrunch has more details and analysis.