The company Snap Inc., owner of the social network Snapchat, filed confidentially for an initial public offering (IPO), sources not identified but next of the process to Bloomberg. The documentation was delivered a week before the presidential elections in the U.S. and the evaluation desired by the company is between 20 and 25 thousand million dollars.
If the entire information is confirmed, this will be the largest entry into the stock exchange since the entry of Alibaba, in 2014, which was valued at more than 170 billion dollars. It is expected that the opening of capital can happen in march 2017 and that the company will aim to raise four billion dollars in a public offering, where shares are sold to the public for the first time in the stock market.
According to the same publication, Morgan Stanley and Goldman Sachs are the institutions responsible for leading the offer. The company does not consider that the president-elect, Donald Trump, has a negative effect on the business, but does not rule out the hypothesis, if necessary, to postpone the IPO.
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