According to a recent report Snap Inc (Snapchat) is looking to raid around $4 billion in its IPO and this would give the company a value of between $25 billion and $35 billion.
The valuation of Snap Inc will vary until the IPO launches and the company could be valued as much as $40 billion.
Snap Inc is apparently going to launch its IPO early in 2017, the company is expected to reach revenue of $350 million this year and is apparently on target to reach revenue of $1 billion next year.
There are no detail on exactly when the IPO will take place although it could launch as early as March of 2017.
Source BloombergFiled Under: Top News