sources: 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, according to Nine News Australia. The sources asked not to be named because the information is private. The filing puts the Venice, California-based company one step further towards its IPO, which sources say could come as soon as March and value it at US 20 billion to 25 billion A 26 billion to 33 billion making it one of the biggest technology offerings in recent years. A spokesman for Snap Inc, Snapchat parent company, declined to comment. It has more than 100 million active users, about 60 percent of whom are aged 13 to 24, making it an attractive way for advertisers to reach millennials. Snapchat started in 2012 as a free mobile app that allows users to send photos that vanish within seconds.
(news.financializer.com). As
reported in the news.
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