Snapchat IPO Release Date
For you who wondering when will Snapchat go public and how much Snapchat share price, it could be next year when Snapchat could be a public company, and you can find out by yourself.
Snapchat is constantly evolving with a wide range of innovations and new features that attract many users. This year, the popularity Snapchat spread beyond millenials and teens. According to eMarketer, Snapchat was used regularly by just 10.3% of US consumers and less than 20% of US smartphone users. The app’s popularity grew quickly in 2014 and 2015, with year-over-year growth rates of 83.9% and 40.7%, respectively. – See more at: https://www.emarketer.com/Article/US-Snapchat-Users-Will-Increase-by-Double-Digit-Percentages-This-Year-Next/1014378#sthash.21AIf4cn.dpuf
With the growing of the company, they will also need more money. According to information’s report, Snapchat is in talks with different investment bankers about the possibility of filing to go public, either later this year or early in 2017. Last year, the CEO Evan Spiegel made clear about this, “We need to IPO. We have a plan to do that,” he said. “An I.P.O. is really important.”
Meanwhile, Business insider mention that Snapchat also been hiring professionals with IPO experience, including an accounting manager whose previous role included “IPO readiness”.
A recent eMarketer report predicts that the company will near $1 billion in advertising revenue in 2017 and nearly double that by 2018. It’s not certain what share price Snapchat would set, but it reportedly wouldn’t value its overall worth at significantly more than the $16 billion it does now. That level of revenue growth is huge if—or more likely, when—Snapchat goes public. An I.P.O. early next year could also put Snapchat ahead of other tech start-ups that are anticipated to open their stock up to the public.