PLANNING TO GO PUBLIC: Spiegel acknowledged plans for a Snapchat IPO during a talk in which he agreed with the notion there is a tech industry bubble that will at some point burst, with low interest rates, easy money, and risky investments calling for a
SAN FRANCISCO: The chief of vanishing-image service Snapchat said the company has a plan for going public with an offering of stock but did not reveal when it might happen.
“We need to IPO, we have a plan to do that,” chief executive officer Evan Spiegel said on-stage at a Code Conference in California when asked about the potential for an initial public offering of stock.
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