(TechCrunch) It’s here! Snap — which confidentially filed for its IPO late last year — has released its public filing through the Securities and Exchange Commission. It’s going to be listed on the NYSE as “SNAP.”
This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting our first glimpse at the financial guts of the company. Snapchat has gone from a zeitgeist-y app among a younger audience to one with more than 150 million daily users — and one with a strong pitch to advertisers based on the engagement of the app.
Snap is expected to go public at a valuation north of $25 billion in early March, making it not only the first tech IPO of the year but also one of the largest in a while.
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