![]() ![]() ![]() The fast-growing social network for the younger set was created by Evan Spiegel in 2012. ![]() Snap says 158 million people use Snapchat daily. But Snap is better known than the e-commerce company, drawing comparisons instead to the IPOs of Facebook and Twitter.Īccording to IPO documents filed on Thursday, Snap has lost nearly $1 billion in the past two years. The highly anticipated IPO is expected to be the one of the largest since Alibaba Group went public in 2014. ![]() Facebook raised $16 billion when it went public in 2012. That number may change based on investor demand. NEW YORK (AP) - Snap Inc., owner of the popular disappearing-messages service Snapchat, seeks to raise up to $3 billion in an initial public offering. ![]()
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