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Snapchat parent planning IPO at a $25B valuation

LOS ANGELES — Snap Inc. reportedly is moving closer to filing for an initial public offering. The Venice, California-based startup, which recently changed its name from Snapchat, is working on paperwork that would value the company at $25 billion or more, according to a Wall Street Journal report. That would be mark the largest IPO on the U.S. stock exchange since Alibaba went public with a $168 billion valuation in 2014.
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