Snapchat is Set to Reveal Confidential Details About Its Business We All Want to Know

The company is seeking an upward evaluation of more than $20 billion.

SNAPCHAT NYSE
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It looks like Snapchat will be taking its talents to the next level.

Snap Inc., the parent company of Snapchat, has opted for the New York Stock Exchange (NYSE) for its initial public offering, according to multiple media reports. The company is expected to publicly file for an IPO late next week and go public in March, according to sources.

Among many sources, CNBC was first to report the news Monday. Reuters and others would later confirm the news.

Last November, Snap was able to confidentially file for an IPO due to the company generating less than $1 billion in revenue in 2016. The tech giant is seeking a valuation of up to $25 billion.