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Growth Strategy: Snapchat Looks to Raise $4bn from the Stock Market

Jim Riley

6th November 2016

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Snap Inc. (owners of Snapchat) is looking to raise around $4bn as it moves from being a private to a public company via a stock market flotation.

The video below features an excellent discussion of why Snapchat has decided now is the right time to seek a public listing for its shares. As usual, the main aim of an initial public offering (or "IPO") is to raise growth capital, as well as providing an "exit" for the venture capitalists who have financed Snapchat thus far.

This article on Business Insider is also worth a read. It considers the success of Snapchat's innovation in recent years and the increasingly intense competitive rivalry with Facebook. Don't forget that the founders of Snapchat declined a multi-billion offer for their company from Facebook!

Snapchat Looks to Raise $4bn from the Stock Market

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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