IPO

Snapchat CEO Says Company Plans to IPO

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
This story originally appeared on Reuters

Snapchat CEO Evan Spiegel said on Tuesday the company plans to have an initial public offering but did not specify when that would happen.

"We have to IPO," Spiegel said during a talk at a technology conference hosted in Ranchos Palos Verdes, Calif., by technology online-only publication Re/code.

"It's just another dot on the list of things to do," Spiegel added.

In 2013, Snapchat turned down a $3 billion offer from Facebook to acquire the company. Alibaba poured $200 million into the ephemeral photo- and video-sharing app in March at a valuation of $15 billion.

(Reporting By Yasmeen Abutaleb; Editing by Ken Wills)

More from Entrepreneur

We created the SYOB course to help you get started on your entrepreneurial journey. You can now sign up for just $99, plus receive a 7-day free trial. Just use promo code SYOB99 to claim your offer.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur