Five Charts Explaining Why Snapchat's Worth $25 Billion
Its IPO will be expensive, but it's already in social media's elite.
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Even if you’re over 30, you can’t ignore Snapchat anymore. (Sorry.) The app company with more than 150 million mostly young daily users may soon be the biggest IPO star since Alibaba hit the public markets in 2014.
Snapchat's parent company1475848175823 has started preparing filings for an IPO and is targeting the first quarter of 2017 to sell shares to the public. That would be about six years after Snapchat got its start as an idea for a Stanford University class project. The company’s offering could value Snapchat at $25 billion or more, the Wall Street Journal reported.