Snap Inc., the US virtual-messaging firm, is planning an initial public offering that could value the company at about $25 billion.
The Wall Street Journal reported that the company could list as soon as March 2017. Analysts said it would be the biggest company to go public on a US exchange since 2014 when Alibaba Group Holding Ltd., China's largest e-commerce company, went public.
The company expects revenue at $250 million - $350 million in 2016. In 2017, it plans to boost it to $1 billion in 2017. Meanwhile, in 2015, the company made only $60 million in revenue.
Snapchat, a time-limited instant messaging service, was created in 2011. Today it has over 150 million daily users, moving it ahead of Twitter.
