Snapchat is looking to IPO to raise $4 billion

According to people familiar with the matter say, Snapchat are looking to IPO, Morgan Stanley and Goldman Sachs, the two companies will be the main underwriters.

At present, the company's estimated market value of US $25.035 trillion, raised to reach 4 billion dollars.

As the details of these arrangements have not been made public, change in scale or initial public offering, company valuation is expected to reach 40 billion US dollars.

Money in initial public offerings, estimates are subject to change to meet the expectations of investors and other parties in a transaction or will push prices higher. Earlier this month, several people familiar with the situation said, Snapchat recent changes the company name to Snap Inc., is preparing for listing applications, plans to sell stock for the first quarter of next year. One of them said, because the company's operating income is less than US $1 billion, plans IPO documents are submitted to the U.S in secret.

Securities and Exchange Commission。

Snapchat representative declined to comment.

The market downturn Following the 2016 after the downturn, Snapchat IPO early next year for the technology companies listed on the slow recovery open the curtain. According to Bloomberg data, this year in the United States, only nine technology companies public, at least for seven years.

June Twilio is one of the largest listed case company to raise $172.5 million, the current share price than the first day of the offering price more than 1 time.

United States consumer technology companies listed on the last popular opera was staged in November 2015, leading online dating company Match Group Inc., owns Match.com,OkCupid and Tinder, such as Web sites and branding, listing valued at $2.9 billion. People familiar with the matter said, Snapchat choice of Morgan Stanley and Goldman Sachs as lead underwriters of the stock, and the former play, four years ago, Morgan Stanley has presided over Facebook's activity.

In addition, JPMorgan Chase, Deutsche Bank, and the Allen Company, Barclays Bank and Switzerland Credit Suisse Group will also be involved, as underwriters. Snapchat is headquartered in Los Angeles, the main share self-timer and video applications, watch news, video and chat with friends. After the last round of financing, Snapchat of the private market value of $18 billion, which means that after the initial public offering, Snapchat will be the November 2013 following IPO the largest listing of Twitter, a social media company.

he world. Snapchat has been sent from a boring self-timer app development become a media platform, advertisers are beginning to seriously seriously. In the past year, the company has launched several channels to create a mini Mobile Magazine News partner.

Meanwhile, Snapchat to user's short video editing, making it live coverage of events around the world. Snapchat also created a new form of advertising, for example, add filters, lens, self-timer brand custom designs. People familiar with the matter say, Snap this year, the goal is to generate advertising revenues of more than $350 million in 2015 and $59 million in advertising revenue. However, it also has just started, although fewer daily active users of Twitter, valuations are lower, this year's revenue is expected to exceed $2 billion