Snapchat IPO Sets High Valuation Mark

Snapchat, could be valued at $25 billion or more in an upcoming IPO, according to The Wall Street Journal. Rumors of this much-anticipated public offering have swirled in recent months, but a date range has been hard to come by; the WSJ reports that it could come as early as March.

Consumer tech IPOs may have been non-existent so far this year, but Snap CEO Evan Spiegel has been vocal in his belief the company must go public and stated that he has a plan to do so. According to this latest report, the time is almost right.

Launched in 2011, Snap has raised north of $2.5 billion in funding from a long list of investors including Benchmark Capital, SV Angel, Spark Capital, Sequoia and Lightspeed Venture Partners. The company most recently secured a $1.8 billion round in May at a $17.8 billion valuation.

You can read some of our previous Snap coverage here or check out its free public profile for more on its financing history, investors and more.