Snapchat may be looking to raise up to $4 bn in IPO

Snapchat will seek to raise as much as $4 billion in its planned initial public offering, according to reports. The IPO could value Snapchat between $25 billion and $40 billion. The company, which recently rebranded to Snap Inc, has crossed 150 million daily active users and, according to sources, is looking to generate around $1 billion revenue next year.