We got word today about a hot tech IPO, possibly coming next year.
The Wall Street Journal reported that Snapchat — now officially known as Snap with its foray into hardware — may be preparing an initial public offering that would value the company about about $25 billion. That’s quite a bit more than its last valuation of around $18 billion. It could happen as soon as March, and it would be the biggest IPO in the U.S. since Alibaba’s $168 billion bow in 2014.
Snap has had success selling ads on its disappearing message platform, forecasting up to $350 million in revenue this year and a billion in 2017.
I imagine the company will list one significant business concern in its S1 filing, however. It could be hard to grow if grown-ups can’t figure out how to use it.
Speaking of S1s, earlier this year we dove into a bunch of filings from Facebook, GoPro, Alibaba and others to see what they identified as their biggest weakness, and how that turned out.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.