The parent of the fast-growing social network Snapchat filed public documents for a share offering Thursday, seeking to raise up to $3 billion in a keenly anticipated Wall Street debut.
The parent company of hit mobile-messaging service Snapchat is expected to make its debut as a public company on the New York Stock Exchange, according to reports.
As Snap Inc. moves toward an expected initial public offering this year, it's natural to expect increased predictability and transparency from a company that has thrived so far without much of either.
Snap Inc., which runs smartphone messaging app Snapchat, said Tuesday it had chosen London as its international headquarters, praising the UK's creative industries.
Snapchat rolled out a feature Tuesday for group chats with up to 16 people as the fast-growing social network sought to broaden its services ahead of an expected share offering.
Snapchat parent firm Snap Inc. has filed confidentially for a public share offering valuing the disappearing messaging platform at more than $20 billion, The Wall Street Journal reported Tuesday.
German-based hotel booking site trivago, controlled by US online travel giant Expedia, on Monday filed for a public share offering in New York.
South Korean internet giant Naver Corp. has launched a $43 million fund with Japan's Softbank to invest in content and technology startups.
It staged one of the year's biggest IPOs but messaging app Line, while a huge draw among teens in Asia, says it has no big ambitions to take on Western giants such as Facebook on their home turf.
When graphic designers at children's tablet and app maker Fuhu Inc. put up a Christmas tree with wacky ornaments for the holidays, an executive ripped them off and trashed them.