Snapchat IPO valuation set at up to $22.2b

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

Snap Inc. set the valuation on its initial public offering (IPO) at between $19.5 billion and $22.2 billion in what could be the third-biggest technology offering of the past decade, people familiar with the matter said.

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