Photo-sharing app Snapchat parent working on IPO valuing firm at over $25b

The Snapchat logo shown on a smartphone. Photo: Bloomberg

Photo-sharing app Snapchat’s parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter.

Snap Inc, which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March, the Journal reported.

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