Market Debut: Network Parent and Inc .,

market debut: The social network parent, Snap Inc., has filed confidentially to go public, with an eye toward being valued at more than 30 billion U.S. people briefed on the matter said, according to The Toronto Star. That would make Snap the third-most-valuable technology company at the time of its market debut, after Alibaba and Facebook. An initial valuation of the social network parent company, Snap Inc., is being targeted at more than 30 billion U.S. . LUCAS JACKSON / REUTERS file photo By MICHAEL J. de la MERCEDKATIE BENNERThe New York Times News Service Wed., Nov. 16, 2016 The clock has started for one of the most eagerly awaited market debuts of 2017 that of Snapchat, the popular messaging service. The company is aiming to begin having its shares traded as soon as March, although the final timing for an offering has not been determined. There have been 96 offerings of companies with a market value of more than 50 million in the U.S. so far this year, down 41 per cent from 2015, according to data from Renaissance Capital.A successful debut of Snap could help revive that market, encouraging other technology companies to go public. The confidential filing, made with the Securities and Exchange Commission before the presidential election last week, comes amid a relative drought in the market for initial public offerings. (news.financializer.com). As reported in the news.