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Snapchat to go public with IPO
12-10-2016 13:33
Snapchat to go public with IPO
Snapchat to go public with IPO

Snap Inc., the US virtual-messaging firm, is planning an initial public offering that could value the company at about $25 billion. The Wall Street Journal reported that the company could list as soon as March 2017. Analysts said it would be the biggest company to go public on a US exchange since 2014 when Alibaba Group Holding Ltd., China's largest e-commerce company, went public. The company expects revenue at $250 million - $350 million in 2016. In 2017, it plans to boost it to $1 billion in 2017. Meanwhile, in 2015, the company made only $60 million in revenue. Snapchat, a time-limited instant messaging service, was created in 2011. Today it has over 150 million daily users, moving it ahead of Twitter.

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