Snapchat reportedly raising $4B in upcoming IPO
Bloomberg is reporting that Snapchat is trying to raise $4billion in its initial public offering. This could bring its value to $35 billion.
The discussions for this are in their early stages so anything can change. The company has already choses bankers.
According to TechCrunch, Snapchat is trying to raise around $1 billion next year as revenue.
Facebook, in its IPO, raised around $16 billion, while Twitter raised around $1.8 billion.
Jeffrey O. Sarpong/233liveworld.com
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