PYMNTS Daily Data Dive: Snapchat’s IPO Rumors

It’s rumored that the Snapchat IPO may hit the market as one of the biggest since 2014.

In May of this year, Snapchat raised more than $1.8 billion through venture funding. Snapchat has plans to go public as soon as March 2017. They could be valued somewhere between $20 billion and $25 billion.

Snapchat currently has over 100 million users, 60 percent of whom are between ages 13 and 24.

Here are the numbers:

$1.8 billion | Amount Snapchat raised through venture funding in May 2016

$25 billion | Upper valuation of Snapchat for its upcoming IPO

100 million | Number of worldwide users on Snapchat

60 percent | Percentage of Snapchat users who are millennials or younger

13–24 | Age range of the majority of Snapchat users