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.

Snapchat ready to take bite out of market with €25bn IPO
Thu, 17 Nov, 2016 - 00:00
Lauren Hirsch and Liana B Barker

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.

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CourtssnapchattechnologyPlace: CaliforniaPlace: USPlace: Venice, CaliforniaPerson: Donald TrumpEvent: US presidential electionOrganisation: SnapchatOrganisation: Wall StOrganisation: AlibabaOrganisation: FacebookOrganisation: US Securities and Exchange CommissionOrganisation: Snap IncOrganisation: decacornsOrganisation: UberOrganisation: AirBnBOrganisation: SnapOrganisation: TwitterOrganisation: General AtlanticOrganisation: Sequoia CapitalOrganisation: T Rowe PriceOrganisation: Lone PineOrganisation: Fidelity InvestmentOrganisation: Kleiner Perkins Caufield & ByersOrganisation: Yahoo
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