Tech
Snapchat confidentially filed for IPO: Report
Valued at more than $25 billion, Snapchat could trade as soon as March.
![jake-smith-author-mug.jpg](https://www.zdnet.com/a/img/resize/ffbd825e8c8663b5a96dd4005d1e739bfaa2567b/2016/04/06/54334579-deec-4704-bace-11b928b7a6f3/jake-smith-author-mug.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
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.