Report: Snapchat working on $25B IPO read more at here www.spinonews.com/index.php/item/1180-report-snapchat-working-on-25b-ipo

Snap Inc. is working on an initial public stock offering (IPO). Snapchat, is preparing the paperwork for an IPO with a view toward selling the shares.

According to the Wall Street Journal, the IPO could value Snapchat at around $25 billion. Snap Inc., which operates the Snapchat app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March.

Snapchat changed its name to Snap Inc late last month, unveiling at the same time a pair of $129 spectacles capable of recording up to 10 seconds of video using a button on the hinge of the glasses.

Snapchat CEO Evan Spiegel last year said at a conference that the company had a plan for an IPO and wouldn’t field acquisition offers. He hasn’t laid out a time frame.

 

Read: Facebook Is Testing Its Own Version Of Snapchat In The "Messenger Day" App

An IPO valued at $25 billion would be significantly higher than Snapchat's most recent valuation of $17.81 billion. The company has around 150 million daily active users,

This year, Snapchat is expected to generate about $367 million in worldwide ad revenue and have 58.6 million users in the U.S., according to eMarketer.

"We aren't commenting on rumors or speculation about any financing plans," the company said in an emailed statement on Thursday.

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