Snapchat ready to enter the public market, reports say.

Snapchat ready to enter the public market, reports say.

Multiple reports are claiming that Snap, the company behind social media sensation Snapchat, is filling for an Initial Public Offering.

According to business press, an IPO could value the company anywhere between $20 to $30 billion dollars.

The huge success of Snapchat, a social media platform that allows users to tell stories trough short videos, might be the reason for the IPO. As well as guarding itself in the inevitable battle against social media titan Facebook, that has already copied Snapchat’s main idea by implementing “stories” on their Image-sharing site Instagram.

The IPO could happen as early as march 2017.

Post Author: Sarah Berzel

My name is Sarah B. and I am studying Media & Journalism at MIUC. I am 24 years old and from the Netherlands. I am one of the Joint Editors and main writers for the MIUC student magazine, and am responsible for regularly posting articles. I enjoy writing about various topics including politics, local and international news and technology. My main passion however is film, TV series and books (media student ;)). I try to focus more on some light-hearted soft news stories since I feel that there are many other sources to get more serious news from. The more serious stories I write will most likely be brief recaps of the most important issues so whoever is interested can research these topics some more. I hope everyone will enjoy reading my articles.

Leave a Reply

Your email address will not be published. Required fields are marked *