Report: Snapchat picks NYSE
Snap has decided to list its shares on the New York Stock Exchange, according to CNBC.
The report from CNBC's Bob Pisani is single-sourced, and notes that NYSE CEO Tom Farley has been repeatedly spotted wearing the company's Spectacles since word of the pending IPO first leaked.
Snap is expected to publicly file its IPO papers as early as this week, with plans to raise between $4 billion and $5 billion. The actual listing is likely at the beginning of March.
NYSE declined comment on the report, via email.