Snapchat files for biggest IPO since Alibaba's in 2014
Sources say the public listing could be valued at between US$20b and US$25b; decacorns like this, valued in the tens of billions, are still untested in the public market
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SNAPCHAT has filed for an initial public offering (IPO), said sources on Tuesday of a development which puts the messaging app a step closer to the biggest US stock market debut since 2014.
The California-based company could go public as soon as March and be valued at US$20 billion to US$25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd went public two years ago, valued at US$170.9 billion. It would be the largest US technology IPO since Facebook Inc's debut in 2012, with a value of US$81.2 billion.
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