Snapchat is Science Fiction Archivesabout to get a little less secretive.
Snap Inc., the mobile app's parent company, will file for an initial public offering late next week, according to anonymous sources speaking to Kara Swisher of Recode. Given that it's Swisher, a tech press veteran, we'd categorized them as reliable.
SEE ALSO: Snapchat cash is no joke for the mediaThe fact that Snapchat is going public hasn't been kept a secret. The company secretly made moves, as in quietly filed to the Securities and Exchange Commission, back in November. (Snap was able to secretly file because it made less than $1 billion last year. )
That move was leaked shortly after Snapchat rebranded itself as Snap Inc. and unveiled its camera glasses called Spectacles.
What happens next week, reportedly, will be a public unveiling of a Form S-1. Snap and its executive team, led by CEO Evan Spiegel, will then take that to investors and analysts on what's called a road show. The S-1 document means we'll no longer need to guess about its revenue and whatever else Snap considers important to its business.
Facebook revealed salaries, its number of active users and its revenue breakdown when it filed for its IPO back in 2011. Snap has reportedly has been trying to sell its IPO to investors as the new Facebook stock.
Why go public? Snap has some big ambitions and more cash could help the company on its expansion into hardware.
Snap is seeking a valuation of $25 billion, according to Recode's sources and previous reports. That would make Snap one of the largest IPOs in recent U.S. history.
Topics Snapchat
Best robot vacuum deal: Get the Roborock Q5 Max for 53% off at Amazon
Redux: Lost Causes Confound by The Paris Review
Donald Trump tweets for the first time since his ban. You can guess what it was.
Eggs and Horses and Dreams by The Paris Review
Best iPad deal: Save $100 on 13
Twitch will soon let you block banned users from seeing your stream
Yes, WFH sex is a thing. No, it isn't a big deal.
On Fasting by Kaveh Akbar
Amazon Spring Sale 2025: Best deals on cleaning supplies
20 jobs in jeopardy due to AI, according to new study. Is yours on the list?
Best grocery deal: Spend $20 and get $5 off at Amazon
On Summer Crushing by Hanif Abdurraqib
Best Echo Dot deal: Save 53% on the Echo Dot Kids (5th gen, 2022 release) at Amazon
NYT's The Mini crossword answers for December 9
Best Fire Stick deal: Save $20 on Amazon Fire Stick 4K
Staff Picks: Ballet, Bob Dylan, and Black Smudges by The Paris Review
Summer is Made of the Memory of Summer by Nina MacLaughlin
Mystical, Squishy, Distinctly Unsettling by The Paris Review
NYT Connections Sports Edition hints and answers for April 17: Tips to solve Connections #206
Nintendo Switch OLED vs. Steam Deck OLED
'Rogue One,' 'Doctor Strange' make the Oscar VFX contenders shortMan catches a catfish that, simply put, is f*cking hugeFeds to AT&T and Verizon: Your free data deals violate net neutralityAmazon just unveiled its most impressive tech yet, and it's an actual truckHow leading publications can prepare for a tidal wave of citizen reportingListen: Childish Gambino's funk odyssey 'Awaken, My Love' is hereHow to order prescription Snapchat SpectaclesListen: Childish Gambino's funk odyssey 'Awaken, My Love' is hereSurprise wintery beverage debuts at Starbucks todayNetflix now lets you download and chill and it's awesomeAn Indian startup could be the first private entity to land on the moonMotorola gives up on smartwatches, for nowNational anthem to be played at movie theaters but not courts: India's Supreme CourtViral discontent: Daily Mail says Elite Daily is essentially worthlessNetflix now lets you download and chill and it's awesomeAmazon Kindle finally gets support for Hindi and other Indian languagesThe future president is blocking people on Twitter like there's no tomorrowA confused Chris Pratt seems to think Jennifer Lawrence is in his photosWoman hung 10,000 rainbow Christmas lights to protest a homophobic neighbor12 gifts for your kinda Biden imposes restrictions on US investment in China’s sensitive tech industry · TechNode iFlytek introduces next China's regulatory authority mandates approval for all mobile applications · TechNode Tencent’s Honor of Kings leads July revenues globally with income of $115 million · TechNode Vivo introduces self Chinese AI startup Baichuan rolls out third LLM in four months · TechNode Redoon.ai launches new generative AI product, receives funds from Xiaomi cofounder · TechNode Foxconn to invest $500 million in India for two new components factories · TechNode Xpeng’s autonomous driving VP to leave the company · TechNode JD rebrands group Evergrande New Energy Auto sees a total loss of $11.8 billion in 2021, 2022 · TechNode BMW initiates development of L3 autonomous driving in China · TechNode China unveils detailed steps to stimulate private sector · TechNode TikTok hires retail experts from Amazon and Meta to strengthen US e Panasonic sues Xiaomi and OPPO for patent infringements · TechNode Chinese automaker GWM launches fuel GWM’s EV unit ORA launches a new vehicle in Brazil · TechNode WeChat rolls out pinned post feature · TechNode Chinese tech giants place $5 billion orders with Nvidia for generative AI chips · TechNode Li Auto aims to surpass BMW, Mercedes, and Audi in sales in China by 2024 · TechNode
2.3466s , 10108.4921875 kb
Copyright © 2025 Powered by 【Science Fiction Archives】,Exquisite Information Network