Report: Snapchat Looking To Raise $4 Billion In IPO
socalTECH
OCTOBER 26, 2016
The report cites "people familiar with the matter" for the information. The latest IPO big tech IPO of that size was for Facebook, which raised $16 billion in its IPO back in 2012. Snapchat is in the midst of an IPO effort being led by Morgan Stanley and Goldman Sachs Group. Snapchat recently changed its corporate name to Snap, Inc.
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