According to a report in The Information, it looks like Snapchat is talking to Wall Street bankers about maybe filing for an IPO later this year or early in 2017. This shouldn’t be surprising. The fact is, the timing looks pretty good for a Snapchat IPO.
First of all, the equities markets have continued to remain in the bull phase — although, there may still be some trepidation for the next few months because of the wild presidential election.
Next, there are already signs that investors are hungry for fast-growing tech deals — even if the companies are not profitable. Just take a look at Twilio Inc’s (NYSE:TWLO) 267% gains as well as Acacia Communications, Inc.’s (NASDAQ:ACIA) torrid 365% increase. Read