snap Inc the company behind disappearing
messages app snapchat has filed for its
IPO hoping for a valuation of 25 billion
dollars the app if it manages to raise
the 3 billion that it hopes to will be
the third biggest u.s. tech IPO
following companies like Chinese
e-commerce giant Alibaba and Facebook
which had sell for a 16 billion during
its IPO the company first gained fame
for being an explicit photo messaging
app for young teens snapchat now brands
itself as a camera app and it once its
users to be playful making it one of the
most well-loved augmented reality apps a
range of filters allows users to
constantly play around causing endless
hilarity snap inks business is no
child's play it hopes to raise 3 billion
dollars in what will be one of the
biggest tech IPOs of recent years
according to new documents the company
listed three risk factors in its ability
to grow brexit competition from larger
companies such as Facebook or $0.10 and
possibly the most important one snap Inc
has never turned a profit could this
possibly turn its dream of a successful
IPO into a nightmare