Snapchat parent reportedly headed for an IPO

The company behind the Snapchat messaging app has reportedly filed papers for an initial public offering that could value it at up to US$25 billion, according to news reports.Snapchat changed its name to Snap in September to reflect the company’s growing interest in new markets beyond its messaging platform that lets users send disappearing photos and stories. It recently introduced its video camera-equipped sunglasses called Spectacles.The company said that the name change would make it e