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Snapchat reportedly raising $4B in upcoming IPO

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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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