Burn after reading Snapchat officially launched PO or up to $20 billion valuation

according to "the Wall Street journal" reported that the United States "burn after reading" photo sharing application Snapchat parent company Snap Inc has been a secret for its initial public offering (IPO) submitted a written document, it will be one of the IPO trading technology enterprises the most attention in recent years.

 

insider said, Snap Inc (formerly called Snapchat) before the US presidential election to the United States Securities and Exchange Commission (SEC) submitted the application, while Donald? Trump’s victory did not affect its beyond all expectations as early as next March listing plans.

, one of the sources said that the valuation of this round of IPO Snap may be between $20 billion to $25 billion. The Wall Street Journal reported last month that Snap could be valued at $25 billion or more. It is unclear what led to the decline in the valuation range of Snap.

if Snap is currently valued at IPO, it will remain the largest technology company in the United States since 2014 IPO transactions. September 19, 2014, Alibaba listed on the NYSE, its valuation reached $168 billion.

Snap this round of IPO, will be the United States last year, the dull IPO market vitality. According to market research firm Dealogic data, only 103 companies listed in the United States this year, raising $21 billion 800 million. In contrast, the United States last year, there were 165 listed transactions to raise funds up to $34 billion 600 million. U.S. technology companies IPO transactions also suffered a similar weakness.

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