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Snapchat Owner Is Preparing IPO That Would Value It At $25B – Report

Snapchat owner Snap Inc. may soon go public at an eyepopping valuation of at least $25 billion, the Wall Street Journal reports.
The company is preparing an SEC filing that might enable it to sell stock on the open market in March, the paper says citing “several people familiar with the matter.” Snap’s most recent fund raising effort in May valued the company at $17.8 billion.
Snap might use the cash to buy properties, possibly in augmented or virtual reality, the Journal…

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