Snap, the parent company of Snapchat, is reportedly considering plans to issue an IPO.
According to the Wall Street Journal, citing “people familiar with the matter”, the IPO could value the company at US$25-billion “or more”.
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The publication added that the offering could occur as early as late March 2017.
Snapchat joins Twitter in the financial fray
It’s not the only social player engaging in serious financial talks either, as Twitter is expected to field acquisition bids this week.
According to the publication, Salesforce is emerging as one of the more prominent potential buyers. Salesforce CEO Marc Benioff is seeking Twitter’s treasure chest of data and its brand, according to WSJ’s sources.
Benioff didn’t confirm or deny that he was planning to buy the platform though.
“I’m not saying I’m buying it, but I’m not saying I’m not buying it,” he told the New York Times.
Even if the Salesforce talk is just that (talk), It still represents a significant week for Twitter though. The company’s shares dropped 20% after reports that Google and Disney were no longer interested in acquiring it.
