Snapchat 'files for stock market float'

November 16, 2016 08:26

Snap, the parent company of messaging app Snapchat, has filed to list on the US stock market, according to several reports.

Based on investments so far, the California-based firm would be worth between $20bn and $25bn (Rs 1.3 lakh crore to 1.69 lakh crore).

That would make it the largest US flotation since Chinese e-commerce giant Alibaba listed two years ago.

Snapchat's parent company Snap declined to comment on the reports

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