Snapchat aims to Wall Street. The popular messaging service for tablets and smartphones - according to sources reported by the Wall Street Journal - is reportedly working on aIpo which could bring the value of the company to at least 25 billion dollars.
The latest fundraising round last May brought Snapchat to a valuation of $17,8 billion. Furthermore, writes the New York financial newspaper, revenue forecasts for 2016 could exceed previous estimates by analysts, ranging between 250 and 350 million dollars. The growth is dizzying: to be clear, in 2015 the revenues were just 60 million dollars.
The operation is in the hands of Snap, the new company that controls the application. As for the timing, the offer could come in early March. If the listing goes through, Snapchat would become the largest company to land on Wall Street since 2014, when the Chinese e-commerce giant Alibaba entered the New York Stock Exchange.
