Snapchat Maker Files Long-Awaited $3B IPO

Law360, New York (February 2, 2017, 4:48 PM EST) -- Snapchat maker Snap Inc. filed its long-awaited initial public offering on Thursday, a deal that estimates raising $3 billion and marks the debut of a major so-called unicorn that could test the viability of other richly valued technology startups in the IPO market.

Snap's IPO is being closely watched because of the decline of glitzy technology IPOs in recent years, though some smaller startups went public to favorable results in the latter part of 2016. (Getty) Venice, California-based Snap, advised by Cooley LLP, did not disclose...
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