Snap IPO: Six things we now know about Snapchat parent company

At long last, the veil on Snapchat has been lifted.

Snap Inc. SNAP, +0.00% , the parent company of messaging app Snapchat, officially filed to go public Thursday. Snap, which calls itself a “camera company,” did not disclose the terms of its IPO, but did say that the stockholders who buy into the offering will not have any voting rights. One key question about the IPO is whether the company will surpass its private market valuation of $17.8 billion. Investors expect this offering to value the company between $20 billion and $25 billion, according to The Wall Street Journal.

>>> Original Source <<<