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Snap selects New York Stock Exchange for IPO: source

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Published Tue, Jan 31, 2017 · 09:50 PM

New York

SNAP Inc, the owner of the popular messaging service Snapchat, has chosen Intercontinental Exchange Inc's New York Stock Exchange (NYSE) for its initial public offering (IPO), a person familiar with the matter said on Monday.

The selection comes as Snap prepares to make its earnings public this week ahead of the IPO that is expected in March. It represents a setback for Nasdaq Inc, which had also vied to host the listing.

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