Deals Rumor Mill: Snapchat, CSN, Rosneft

By Benjamin Horney (October 6, 2016, 7:12 PM EDT) -- Snap Inc., the company behind popular vanishing-photo messaging app Snapchat, is planning an initial public offering that could value the company at upwards of $25 billion, according to a Thursday report from The Wall Street Journal. According to the report, the company has begun to prepare paperwork for the IPO, with hopes for the flotation to take place as soon as late March. A Snap IPO at this size would mark the largest and most high-profile debut since Chinese e-commerce company Alibaba Group Holding Ltd. went public in 2014, the report noted. Snap expects to post 2016 revenues of between $250 million and $350 million, the report added, and that number could grow to as much as $1 billion next year....

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