A Snapchat IPO is getting closer and closer.
The popular smartphone app's parent company, Snap Inc. , decided to list its shares on the New York Stock Exchange, according to sources familiar with the matter. CNBC 's Bob Pisani first reported on the news.
Los Angeles-based Snap's initial public offering has been in the works for some time now, and the company is expected to go public early this year-it could even be sometime this March-if Snap holds to its anticipated timeline. Snap filed the confidential paperwork for an IPO last fall.
Its IPO would value Snap between $20 billion and $25 billion, making it one of the biggest tech debuts in years and certainly the largest of 2017 so far. AppDynamics, a company that develops software to help companies monitor their mobile apps, was set make waves in the tech sphere this year, but Cisco CSCO scooped them up a day before their IPO, noted CNBC .
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