Bloomberg News

  • Snap Inc. Files for IPO (Report)

    …, noting that secret IPO filings are permitted for companies with less than $1 billion in revenue. According to Reuters, the IPO could occur as soon as March, and the company would be valued at $20 billion to $25 billion. For comparison’s sake, when Facebook filed its IPO documents with the SEC in February 2012, the company was valued at $81.2…

    David Cohen/ AllFacebookin Facebook- 10 readers -
  • Snap Inc. Names Banks to Lead IPO (Report)

    … While Snapchat parent company Snap Inc. has yet to officially announce an initial public offering, it reportedly notified Morgan Stanley and Goldman Sachs Group that they will lead the IPO, which could take place as soon as March. Sarah Frier and Alex Barinka of Bloomberg News reported the selections, adding that JPMorgan Chase, Deutsche Bank…

    David Cohen/ Inside Facebook- 9 readers -
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