Report: Snapchat Looking To Raise $4 Billion In IPO
socalTECH
OCTOBER 26, 2016
Venice-based Snapchat is hoping to launch an IPO, which will raise the company an astounding $4 billion in capital--valuing the company at between $25 billion and $35 billion--according to a report on Wednesday from Bloomberg. The report cites "people familiar with the matter" for the information. Snapchat is in the midst of an IPO effort being led by Morgan Stanley and Goldman Sachs Group.
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