No Snapchat IPO date has been set yet, but yesterday (Tuesday) the company's 24-year-old CEO Evan Spiegel announced that he plans to take Snapchat public.
Speaking at the Code Conference in Los Angeles, Spiegel said he will reject any acquisition offers for Snapchat. He didn't offer many specifics for the Snapchat IPO, but said the firm "had a plan" for going public.
Here is the most important information investors need to know as the Snapchat IPO date approaches...
One of the most popular mobile apps, Snapchat, will reportedly bring in roughly $50 million in revenue for the full-year 2015. This according to a new report from Re/Code.
Snapchat is valued at $16 billion and is already rumored to be joining the flood of tech companies considering IPOs in 2016, and this raises the IPO's profile even higher.
So investors need to know: How does Snapchat make money?
