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Snapchat To Raise Up To $4 Billion In IPO, Valuing Company As Much As $40 Billion

The long await IPO of Snapchat is finally coming: according to Bloomberg the social media will seek to raise as much as $4 billion in its planned initial public offering, making it the biggest social media company to go public since Twitter's initial public offering in November 2013. Bloomberg reports that The IPO could value Snapchat at about $25 billion to $35 billion, citing unnamed sources, and while no final decision has been made and the size of the IPO may change, and the valuation could reach as much as $40 billion, one of the people said.
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