Snapchat has filed to go public, which could happen as early as March, and it looks like it will have a whopping valuation of up to $25 billion, the biggest technology initial public offering since Alibaba in 2014 at $21.8 billion.
Tech industry insiders, investors and journalists have been watching and speculating on Snapchat’s moves for quite some time.
On the one hand, there are those who saw the shifting demographics of young people using Snapchat and predicted the fall of Facebook to this rising tide, which others think is crazy. On the other hand, there are those who scratched their heads in disbelief when Snapchat turned down Facebook’s $3 billion merger offer in 2013.
Click Here to Read the Full Story