Snapchat Raising Money at a $16bn Valuation
Snapchat, the ephemeral messaging service, is reportedly raising money at a $16bn valuation. Potential investors in the $650mn round include Fidelity, Alibaba, Glade Brook Capital and York Capital. CEO Evan Spiegel revealed plans for an eventual IPO earlier this week. Snapchat – which was valued at $15bn in March – has raised $848m in total capital since it was founded in 2011.
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.