Snapchat gearing up for $25bn IPO

Snapchat’s parent company we are told is looking for a stock market listing and its value is close to $25bn (£19.8bn). If this is an accurate figure the listing would be the US’ largest after Alibaba joined the stock exchange with a $168m valuation.Â

A Snapchat spokesman said: “We aren’t commenting on rumors or speculation about any financing plans.”

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