It was bound to happen eventually, but Snapchat has now filed for an IPO, according to Reuters.
The company applied for the IPO confidentially, so we don’t know yet exactly when it plans to go public, nor how much it’s asking for. However, Reuters says the IPO could come “as early as March.”
The company has been rumored to be preparing to go public for months. A Business Insider report suggests the company will be looking for $4 billion next year, but we’ll have to wait and see if that comes to fruition.