Snap Will Reportedly Trade on NYSE

Snap Inc., the parent company of messaging app Snapchat, will reportedly trade on the New York Stock Exchange when it plans to go public.

According to CNBC, Snap has chosen NYSE for its initial public offering, expected to be filed some time this week.

New details of the Snap IPO were revealed by Recode late last week. The report says Goldman Sachs and Morgan Stanley will lead the offering, which will carry a valuation around $25 billion. The company would likely start trading in March.

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SOURCE: USA Today, Brett Molina