Snapchat is thought to be preparing for an IPO and planning to sell shares in Q1 of 2017, according to industry insiders. It is suggested that the social media company could list as soon as March, depending on the market backdrop, and could confidentially file the required paperwork by year end, because the company's revenues for this year are expected to be under $1bn. Bloomberg News reported that Snapchat could achieve a market valuation of at least $25bn.
Snapchat is thought to be preparing for an IPO and planning to sell shares in Q1 of 2017, according to industry insiders. It is suggested that the social media company could list as soon as March, depending on the market backdrop, and could confidentially file the required paperwork by year end, because the company's revenues for this year are expected to be under $1bn. The Wall Street Journal reported that Snapchat could achieve a market valuation of at least $25bn.