It is no secret that Snap, the company changed its name from Snapchat to Snap earlier in the year, is planning initial public offering.
Sources have spoken to the Financial Times and Recode that the company has submitted a confidential application to the Securities and Exchange Commission for a public offering as early as march next year.
the Company is hoping for a valuation between 20 and 25 billion dollars or 170 and 210 billion.
Snapchat servant first and foremost money on ads, and has over 150 million active users each day.
In the year expect the company to pull in over $ 350 million in advertising revenue, according to Bloomberg, but many claim it can be more.
however, There is a pluralization from 2015, when advertising revenues were 59 million dollars.
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