Snapchat oulines aggressive expansion plans in $3b IPO pitch

Snapchat oulines aggressive expansion plans in $3b IPO pitch

A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. REUTERS/Lucas Jackson/File Photo

Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans but offering new investors no say on how the company is run and no promise of profits.

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