It's no secret that Snap Inc. (née Snapchat) has been thinking about selling stock to the public, but it looks it has officially -- and quietly -- pulled the trigger. According to a report from Reuters the ephemeral messaging company confidentially filed for an initial public offering just before the US presidential election, a move that would keep its crucial financials away from its competitors' prying eyes for at least a little longer. That initial sale of stock could take place as early as next March, and if all goes well (according to Bloomberg, anyway) the company could raise up to $4 billion.
Report: Snapchat secretly, officially filed for its IPO posted first on http://ift.tt/1tUdcCk
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