Wednesday, September 7, 2016

Report: Snapchat Discussing IPO With Bankers, Eyes IPO Next Year

Venice, California-based Snapchat has begun discussing an IPO with bankers, but has yet to select an investment bank to lead the effort, according to a report on Wednesday. Snapchat reportedly is looking at an IPO towards the end of this year or in early 2017. It appears that IPO season has just opened in Southern California's high tech community, with more IPO activity in the last couple of weeks than the region has seen in the last year, including an IPO in the works for Ventura-based The Trade Desk, which just set its estimated IPO range; another for Everbridge, which was started in Glendale, also in pricing; and another for Fulgent Genetics in Temple City.