According to a recent report Snap Inc (Snapchat) is working on an IPO which will be worth around $25 billion.
The company recently raised $1.8 billion in financing and the IPO could put its value at around $25 billion or possibly even higher.
According to TechCrunch, Snap Inc are expected to have revenue of around $350 million this year and revenue of around $1 billion in 2017.
The IPO could take place as early as March in 2017, of course none of this has been confirmed by the company as yet. As soon as we get some more details about the Snapchat IPO, we will let you guys know.
Source TechCrunchFiled Under: Technology News