Snapchat’s parent company reportedly files for IPO

Kimberly Adams Nov 16, 2016
HTML EMBED:
COPY
Carl Court/Getty Images

Snapchat’s parent company reportedly files for IPO

Kimberly Adams Nov 16, 2016
Carl Court/Getty Images
HTML EMBED:
COPY

There are multiple reports that Snap, Inc., the company that owns the messaging app Snapchat, is getting ready to go public. The company reportedly expects to be valued at up to $25 billion, and its IPO could serve to test the waters for other big tech companies that have been relying solely on venture funding.

Click the above audio player to hear the full story. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.