Snapchat to lead mega unicorns for a flotation on the stock market with $25bn IPO. Morgan Stanley and Goldman Sachs to lead its initial public offering.

Five-year-old app, Snapchat  now used by more than 40% of young Americans, will be the largest social media IPO since Twitter in 2013.

Snapchat CE0 Evan Spiegal (26),  founder  created at his Stanford University Fraternity house in 2011,  and his co-foudner Bobby Murphy, will become a multi-billionaires. Snap Inc, the parent company valued at $18bn  will be among those waiting in the wings are Uber ($68bn) and Airbnb ($30bn) looking to realise their founder’s and investors wealth by floating on the stock market.

Spiegel’s rejected a $3bn takeover bid by Facebook in 2013, when Snapchat had yet to make any revenue, since then mostly 150m teenagers and young adults started using daily and started to generate advertising revenue of more than $350m  this year.