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Snapchat has reportedly chosen Morgan Stanley and Goldman Sachs for its IPO

Snap Inc., the parent company of Snapchat, has reportedly chosen bankers for its initial public offering. Morgan Stanley and Goldman Sachs will lead the deal, according to Bloomberg's Sarah Frier and Alex Barinka. The Wall Street Journal last week reported that the photo-sharing company could list as soon as March 2017. More to come... Join the conversation about this story » NOW WATCH: T
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