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Did a Snapbot make a surprise appearance at Securities and Exchange Commission headquarters, or did Snapchat parent Snap Inc. file its initial public offering documents via a more traditional courier? Lauren Hirsch, Liana B. Baker and Matthew Toole of Reuters reported that Snap Inc. secretly filed for an IPO at some point before Election Day, noting that secret IPO filings ...
…, Allen & Co., Barclays and Credit Suisse Group will serve as joint book runners. Snap Inc. can file its IPO documents confidentially with the Securities and Exchange Commission since its annual revenue is less than $1 billion, Frier and Barinka reported, adding that the company had a private market value of $18 billion after its last funding round. Readers: Do you think Snap Inc. should go public? Image courtesy of Shutterstock. …