Snapchat Prepares For IPO In 2017

It has been reported that Snapchat has begun preparations for an initial public offering in the first quarter of next year. The Wall Street Journal reported recently that the company, renamed Snap Inc., could receive a market value of around 25 billion US dollars. However, the time of the IPO reportedly depends on several factors, including the outcome of the US Presidential election and the health of the Chinese economy. If the IPO was to happen, it would be the largest tech company to go public in the US since Alibaba Group Holding Ltd, which listed in 2014 at a valuation of 231 billion US dollars.