Monday, January 30, 2017

NEWS: Snapchat Will Reportedly Reveal IPO This Week, Worth $25 Billion

Snapchat Will Reportedly Reveal IPO This Week, Worth $25 Billion


Not bad for 26 year old CEO Evan Spiegel.

Social media messaging app Snapchat has been notoriously evasive about its business over the years, creating a aura of mystery much like the one that surrounds its disappearing messages. That all will change later this week, when it will reportedly release its IPO filing.
We reported on the initial public offering back in November of 2016, but as the actual date of filing has come closer the company’s estimated value has gone up. In November it was expected the company would be valued at $20 billion, but now sources are saying it will be worth $25 billion, or potentially more if demand for Snap stock is high.
Snapchat CEO Evan Spiegel will undoubtedly make a substantial sum from the filing, although we won’t know how much until the IPO is revealed. The stocks won’t be publicly available until later this year, likely March. The filing will reportedly take place on the New York Stock Exchange.
To understand Snapchat’s success, check out our list of rappers to follow on Snapchat.
Gucci Mane: Guwopsnap
Wiz Khalifa: khalifathecap 
2 Chainz: hairweavekiller 
Pusha T: kingpin.push 
Big Sean: BigSeanSnapped 
A$AP Ferg: Devoni143 
YG: YG400 
Snoop Dogg: SnoopDogg213 
Lil Yachty: lilyachty 
Desiigner: lifeofdesiigner 
Kevin Gates: iamkevingates 
Dreezy: QueenDreezy
Dej Loaf: dejloaf 
Curren$y: rapsnlowriders
Lil Dicky: BooBurd 
Lil Durk: LilDurk2x 
Chief Keef: turboperhour 
Lil Bibby: BibbyTheGreat 
E-40: E40707
21 Savage: Savage730 
Metro Boomin: metroboomin 
Sonny Digital: AlejandroPesos 
TM88: Sideshowbart88
Ty Dolla $ign: Tgodtydolla 
Anderson .Paak: ReallaKilla 
iLoveMakonnen: ilovemakonnen5d 
Father: Badfather 
Pouya: Pouya305 
TDE: tdesnaps 
Boogie: Boogita 
Terrace Martin: tterracemartin 
Dave East: MissYouLik 
Denzel Curry: denzelcurryphh
BeatKing: Clubgodzilla 
Webbie: Officialwebbie 
[via Recode]