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Report: Snap Inc. considers IPO

Snap Inc., previously called Snapchat, is considering going public via an initial public offering that could value the messaging company at $25 billion or more, The Wall Street Journal reported Oct. 6, citing several sources with knowledge of the details.

According to the report, the company is preparing documents for the IPO and is aiming to go public as early as March 2017.

In September, Snap Inc. revealed its first hardware product, called Spectacles, which can record up to 10 seconds of video.