Snap could file for IPO next week
Snap plans to publicly file to go public next week, according to a report from tech news site Recode, citing an anonymous source. Snap declined to comment.
Snap, the parent company of the popular ephemeral messaging app Snapchat, reportedly confidentially filed for an IPO in November, so its financials have yet to be made public. The company is reportedly seeking a valuation as high as $25 billion through its IPO, but demand from investors could push it higher.
Big deal: Snap's IPO will be the first from a high-profile company this year. AppDynamics' was canceled at the very last minute earlier this week after it sold to Cisco for $3.7 billion.