It is rumored that Snap will publicly file an IPO prospectus with a market value of US$25 billion

Sources said Snap's market value could reach US$25 billion. However, if investor demand is strong, Snap's valuation may be higher.

CNBC quoted sources as saying Snap plans to publicly file its IPO (initial public offering) prospectus later next week. This means Snap is likely to go public sometime in March, while roadshows typically last nine weeks.

Last year, Snap secretly filed its IPO prospectus with the U.S. Securities and Exchange Commission (SEC). According to data charts from Statista at the time, this could become one of the largest IPOs in technology history. In this report, although Snapchat's valuation lags behind Facebook and even farther away from Alibaba, it still surpasses LinkedIn, Twitter, and even Google. Snap will publish its prospectus this time, which will also allow the outside world to understand Snap's financial situation and core business for the first time.

News shows that Snap's IPO will be led by Morgan Stanley and Goldman Sachs, and many other investment banks will participate. This will be the largest technology industry IPO in the past. Interestingly, Snap doesn't come from Silicon Valley; it's headquartered in southern California.

Sources said Snap's market value could reach US$25 billion. However, if investor demand is strong, Snap's valuation may be higher.

Snap's main product, messaging app Snapchat, has attracted a large number of young users. At the same time, Snap's series of innovative products have also consolidated the company's momentum in the social media industry.

A Snap spokesman declined to comment.

Editor: yvonne