Snapchat confidentially filed for IPO: Report

Valued at more than $25 billion, Snapchat could trade as soon as March.
Written by Jake Smith, Contributor
CNET/CBS Interactive

Snapchat's parent company, Snap Inc, has filed confidentially for its IPO, according to Reuters.

The widely popular messaging app is looking to raise $4 billion at a valuation between $25 billion to $35 billion, Bloomberg reported in October.

It's not clear when Snapchat will publicly unveil the news or when it will begin trading. Snapchat declined to comment.

Snapchat was valued at nearly $18 billion in its latest round of funding in May. In October, the Wall Street Journal reported Snapchat could start selling shares as early as late March with a valuation of $25 billion or more.

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