Snapchat is about to go Public

In an effort for Snap Inc. to have an IPO in the U.S., the company has made its financial details public. Yes, you guessed it! The company is the owner of Snapchat. The company is in the process of raising US$3B. The company wants to go public in March and could be valued at nothing less than US$25B.

The L.A.-based company made US$404.5M in sales last year—an 85% increase from 2015’s sales; and a net loss of over US$500M last fiscal year.

No other American company has had an IPO this good since Facebook.