Snap Inc. Files for IPO (Report)
Did a Snapbot make a surprise appearance at Securities and Exchange Commission headquarters, or did Snapchat parent Snap Inc. file its initial public offering documents via a more traditional courier?
Did a Snapbot make a surprise appearance at Securities and Exchange Commission headquarters, or did Snapchat parent Snap Inc. file its initial public offering documents via a more traditional courier?
Lauren Hirsch, Liana B. Baker and Matthew Toole of Reuters reported that Snap Inc. secretly filed for an IPO at some point before Election Day, noting that secret IPO filings are permitted for companies with less than $1 billion in revenue.
According to Reuters, the IPO could occur as soon as March, and the company would be valued at $20 billion to $25 billion.
For comparison’s sake, when Facebook filed its IPO documents with the SEC in February 2012, the company was valued at $81.2
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