Snapchat ready to take bite out of market with €25bn IPO

The owner of photo-sharing app Snapchat is reportedly lining up a Wall St flotation that could value it at up to €25bn.

The California-based company could go public as soon as March and be valued at $20bn to $25bn, making it the largest IPO since Chinese e-commerce giant Alibaba went public two years ago valued at $170.9bn.

It would be the largest US technology IPO since Facebook debut in 2012 with a value of $81.2bn.