Select Page

Wall Street Journal: Snapchat co-founder and chief Evan Spiegel said he has a plan for an initial public offering and has no desire to field any acquisitions offers, like Facebook’s $3 billion bid for the company nearly two years ago. Spiegel’s comments were the first time he has publicly acknowledged the possibility of an IPO. He stopped short of saying when the company, most recently valued at $15 billion, might try to go public. After four years, Snapchat now ranks among the most popular social-networking services in the world. Spiegel revealed the company is approaching 100 million users logging in every day.