Snap Inc intends to file its highly-anticipated IPO next week

Jan28

by Sindy Cator on January 28, 2017 at 12:46 am

According to sources familiar with the matter, and Recode — who broke the story — Snap Inc plans to file its highly-anticipated initial public offering (IPO) late next week. As for the nuts and bolts, that would put the timetable at around March that the company could first offer shares to Wall Street investors. The offering is led by Godlman Sachs and Morgan Stanley at a reported $25 billion valuation. That could change if interest in the IPO is high, which it’s expected to be, according to Kara Swisher, from Recode. Snap Inc.’s main offering, Snapchat is still popular amongst…