5 things you need to know about Snap’s IPO

Snap, the maker of Snapchat, is no longer shrouded in mystery. The company filed its long-awaited S-1 and revealed many unknown details about its financial status. Snap hopes to raise $3 billion next month in an initial public offering that could value the company at $20 billion to $25 billion.The company disclosed an array of achievements, liabilities and enduring challenges. These are the five most surprising and illuminating details Snap shared as it prepares to hit the road during the coming