IT&Software

Snapchat preparing for IPO

Snapchat preparing for IPO

Snapchat could generate $366.7 million in worldwide ad revenue this year, jumping 155.1% to $935.5 billion next year and $1.76 billion in 2018, eMarketer estimates.

A Snap spokesman said the company isn't commenting on "rumors or speculation about any financing plans". The Journal also said Snap hasn't yet hired a bank to help work on its S-1 public filing affidavit.

Chinese e-commerce major Alibaba and social media giant Facebook are the two biggest tech companies to had valuations of about $167.1 billion and $81.2 billion valuations, respectively, at the time of their IPOs.

The Snapchat parent Working on an initial public offering since the company's app now has a value worth $25 Billion or more.

Over the past two years, there have been relatively few major tech IPOs, and numerous companies that have gone public in recent times have failed to gain much traction with Wall Street shareholders.

Should the California-based company, achieve the higher valuation, it would become the largest on a U.S. stock exchange since 2014. Last year, Snapchat brought in $59 million in revenue-a low number that reflects the fact that Snapchat had only just started monetizing its business.

England start Bangladesh tour with a victory
Stand-in captain Jos Buttler's unbeaten 80 off 64 balls was instrumental in England's four-wicket win against a BCB Select XI. The uncapped Ebadat Hossain was the pick of the Bangladeshi bowlers, taking 2-26.


Snapchat has continued to increase in value dramatically with its valuation rising to $17.8 billion after its last funding round in May.

Snapchat is one of the most popular apps with the millennials and its popularity, when compared to Facebook, is on a steady rise.

While executives at some of the largest private companies, including Uber, have said they plan to stay out of the public markets as long as possible, Mr. Spiegel a year ago said at a conference that the company had a plan for an IPO and wouldn't field acquisition offers. "An I.P.O.is really important".

Do you think Snapchat should go public? Today, even, Instagram began touting that it had 100 million daily active users for its Stories feature - which CEO Kevin Systrem actually admitted was a clone of Snapchat's features.

If Snap Inc. decides to go through with the IPO, it could be one of the biggest in recent tech history.


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