IPO

Snapchat CEO Says Company Plans to IPO

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)

My Queue

Your Queue is empty

Click on the next to articles to add them to your Queue