Snapchat IPO Might Value It At $35 Billion

There have been a lot of rumors about Snapchat considering an IPO, it was considered only a matter of time before the ephemeral messaging service went public, and it’s now being reported that Snapchat is looking to raise up to $4 billion in the IPO which is going to value the company at $35 billion. Snapchat’s previous funding round of $1.8 billion valued the company at $18 billion earlier this year.

Bloomberg reports that Snapchat wants to raise $4 billion in its IPO which is going to value the company at an impressive $35 billion. It’s unclear when the IPO might take place but reports suggest that it might happen early next year.

The scribe does point out that the people that told it about the planned initial public offering have cautioned that the company hasn’t made a final decision yet so the size of the IPO might change. One of the people even suggested that the size could be raised to value the company at $40 billion.

Given its existing private market value of $18 billion, should an IPO go through, it’s going to be the biggest for a social media company since Twitter went public back in November 2013. Snapchat, which recently changed its corporate name to Snap Inc. did not comment on this report.

Adnan Farooqui
Categories: General
Tags: Snapchat