Snapchat parent company values itself at €20.6bn

Snap, the parent company of Snapchat, is listing its valuation at up to 22 billion US dollars (€20.6bn) as it prepares for the tech industry's biggest initial public offering (IPO) in years.

The firm said in a regulatory filing that the IPO is likely to be priced between €13.15 and €15.03 per share.