Snapchat has boomed since its launch in 2011 and it's filed an IPO after sales increased by 600% in 2016.
The $25 billion proposal would make it the most expensive tech IPO of all time, far exceeding, facebook, twitter and google. It'll be interesting to see if investors bite, given their recent success!
We really are seeing the digital and social media age expanding and gaining success and these platforms are proving themselves to be hugely popular both commercially and socially. Where will the social media world take us next?!
Snapchat co-founders are reportedly seeking a $25 billion or more valuation for their social media company. Investors may bite. The company's sales increased 600% in 2016, as revealed by its IPO filing. But if the messaging service does hit that goal, it will be more expensive than Facebook, Alibaba, and even Google at the time of their IPOs.