Snapchat Planning for IPO

Snapchat, the ephemeral messaging service, is reportedly planning an IPO.  CEO Evan Spiegel said yesterday at the Re/code Conference in L.A., “We need to IPO. We have a plan to do that.”  Snapchat, which declined Facebook’s $3bn acquisition offer in 2013, was last valued at $10bn in December.  It was reported this past February that Snapshat was looking to raise $500m at a $19bn valuation.

Snapchat is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 106 companies organized by investment theme.