Tuesday November 15, 2016

Snapchat Has Reportedly Filed For Its IPO In Secret

Personally, I think Snapchat's valuation is insanely high but, this isn't about what I think. I want to know what you guys think about Snapchat's secret IPO and how it's all going to go down in March if this info is accurate.

The Venice, California-based company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd's (BABA.N) went public two years ago valued at $170.9 billion. It would be the largest U.S. technology IPO since Facebook Inc's (FB.O) debut in 2012 with a value of $81.2 billion. Snapchat filed with the Securities and Exchange Commission under the U.S. Jumpstart Our Business Startups Act. Companies with less than $1 billion in revenue can secretly file for an IPO, allowing them to quietly test investor appetite while keeping financials confidential.