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Snapchat prepares for £20bn float

Snapchat’s parent company, Snap Inc, has reportedly filed for the largest IPO (initial public offering) since 2014, valued at $25bn (£20bn).

If the IPO goes ahead it will be the biggest since Chinese ecommerce company Alibaba hit a market value of $170.9bn (£136bn).

The flotation could happen as early as March, Reuters has reported.

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