Snapchat is reportedly going public, and worth tens of billions of dollars.
Just over three years ago, the world was shocked when the founders of Snapchat turned down an offer for $3 billion, in cash, from Facebook for the company's ownership. Today, those visionaries must be laughing hysterically, as it's been reported their baby Snapchat may be worth 7 times as much as that, estimated at over $20 billion in value. This news comes as it's been revealed that Snapchat has reportedly filed for confidential initial public offering. Snapchat's IPO will be handled by Goldman Sachs and Morgan Stanley.
That's not the only reason Snapchat has to be jovial. The company's CEO, 26-year-old Evan Spiegel, will be tying the knot with one of the most beautiful women on the planet, Miranda Kerr. They have reportedly been engaged since this summer.