Snap Inc., Snapchat's parent company, is preparing an initial public offering that could value them at $25 billion or more.
The company is preparing the IPO with a view of selling shares as early as late March, The Wall Street Journal reports.
Estimates about when the company will go public, or how much its valuation will be at that time are subject to change.
If Snap Inc. did go ahead with this plan, it would be the largest company to go public on a U.S. exchange since 2014, when Chinese Amazon competitor Alibaba debuted at a valuation of $168 million.
$25 billion would also be a significant leap in terms of Snap's valuation. The company was last valued at $17.8 billion in its last funding round in May.
Snapchat is looking at IPO'ing @ $25B+ valuation, per DJ.— Steve Kopack (@SteveKopack) October 6, 2016
That's slightly less than double Twitter's current market value.
Many online are comparing Snap's newest valuation with other social media networks.
Snapchat IPO at $25 bn will work like the product itself: the money will disappear pretty quickly— Barbarian Capital (@BarbarianCap) October 6, 2016
Other's aren't confident the the company can sustain its growth.
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