Snap Inc, the company that owns Snapchat has announced its IPO which could be worth a massive $25 billion.
The company’s Initial Public Offering will take place in March and the filing has also revealed some financial details about the company.
The company had revenue of $404.5 million for last year, this was up from $58.7 million in the previous year and they had a net loss of $514.6 million.
“We work with partners to measure statistical lifts in ad recall, brand favorability, and purchase intent. For example, when a music streaming service ran a Snap Ad campaign, Millward Brown measured that it drove a 30% lift in subscription intent, 2x the mobile norm, and a 24 percentage point increase in ad recall, 1.5x the mobile norm”
– Snap Inc.
As soon as we get some more details about the Snap INC IPO and exactly when it will be available, we will let you guys know.
Source 9 to 5 Mac
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