Snapchat heads for stock market debut with confidential IPO filing

The parent company behind messaging app Snapchat has confidentially filed for a stock market flotation, which could value the firm at as much as $25bn (£20bn), according to reports. Citing sources, the Reuters news agency said Snap Inc could go public as soon as March, with the IPO set to be the biggest in the US tech sector since Facebook's 2012 debut. Snap reportedly filed with the Securities and Exchange Commission under the US Jumpstart Our Business Start-ups Act, which permits compani