6 Ekim 2016 Perşembe

Snapchat's Parent Company Could Go Public As Early As March

John Paczkowski

Snap Inc, maker of Snapchat, is preparing paperwork for an IPO that could value the firm at $25 billion, the Wall Street Journal reports; the paperwork indicates that the IPO could happen in March of 2017.

The possible valuation is a marked jump from Snap's previous market cap, $17.8 billion, first reported in May.

Thought it is not clear whether Snap Inc is a profitable business, it generated $60 million in revenue in 2015 and is on track to earn $250 and $350 million in 2016, according to the Journal. Snapchat has projected it could earn $1 billion in revenue in 2017.

The news comes on the heels of Snap Inc's first hardware product, Spectacles.

Snapchat declined BuzzFeed News' request for comment.



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