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Snap Inc. is Listing Its Shares on the NYSE

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 .

For more info on Snapchat and Snap's impending IPO, check out these Zacks articles: Inside Snapchat: The Best Tech IPO of 2017? and Why is Everyone Copying Snapchat?.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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