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Snapchat has filed for an IPO that could value the company at $25 billion

Snapchat’s parent company, Snap Inc., has quietly filed paperwork for an initial public offering, setting the wheels in motion for what’s expected to be the largest tech debut in years.

Snap, which is based in Venice Beach, California, confidentially filed its paperwork with the Securities and Exchange Commission before the presidential election, a person familiar with the matter told Business Insider.

Snap’s IPO could come as early as March, but it could also occur in the second quarter of 2017, the person said. The company is seeking a valuation of $20 billion to $25 billion. – READ MORE