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Snapchat ‘files for stock market float’

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Updated: 00:00 GMT, Jan 1, 1970 | Published: 11:45 GMT, Nov 16, 2016 |
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Snap, the parent company of messaging app Snapchat, has filed to list on the US stock market, according to several reports.

Based on investments so far, the California-based firm would be worth between $20bn and $25bn (£16bn-£20bn).

That would make it the largest US flotation since Chinese e-commerce giant Alibaba listed two years ago.