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However, you can change your cookie settings at any time. These are external links and will open in a new window. Snap, the parent company of messaging app Snapchat, has filed to list on the US stock market, according to several reports.

That would make it the largest US flotation since Chinese e-commerce giant Alibaba listed two years ago.

Eddie Stobart trucks back to the stock market with £m Aim float

The company began in as a mobile app that allowed users to send photos that vanish within seconds. According to several reports, Snapchat has filed a confidential application for an initial public offering with the Securities and Exchange Commission.

The idea is that firms can test the appetite among investors, while keeping their finances confidential. For a platform built around disappearing messages, Snapchat has had incredible staying power. The distinctive app has mostly shaken off its reputation as a place for sexting and morphed into a major publishing platform.

Snapchat is in many ways the 'txt spk' or slang of yesteryear. The fact it's a mystery to many over 30 is presumably at least part of the reason it's so appealing to teenagers across America and beyond. That "beyond" will be the big question hanging over Snap's possible IPO. Twitter's stock has tanked thanks to an inability to grow beyond its core US audience. Snap will need to avoid the same fate by building on tentative steps in overseas markets. But the signs are good.

As well as rapid growth so far, Snap has impressed by rolling out feature after we buy gold woodstock ga to the platform - all executed companies about to float on the stock market.

Just last week their Spectacles hardware went on sale - showing the company perhaps has wider potential than just producing great software. All mbt trading forex autotrader all, an attractive proposition for investors, and that's reflected in the valuation.

The company has attracted major investors, but with some questioning whether having advertising sales as the only significant form of revenue was sustainable, the firm is branching out.

In September it rebranded itself as Snap, and earlier this month debuted its video-camera sunglasses called Spectacles. Theresa May urges the UK to "seize this moment" but Labour's Jeremy Corbyn says she has "no mandate" and has lost her authority.

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Snapchat 'files for stock market float' 16 November These are external links and will open in a new window Share this with Facebook Share this with Twitter Share this with Messenger Share this with Messenger Share this with Email Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link http: Media playback is unsupported on your device.

More on this story. Snapchat launches sunglasses with camera. President Obama ridiculed on Snapchat by daughter Sasha.

| S&P Total Market Cap, Float Adjusted & EV'|odomujekadox.web.fc2.com

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