Hedge Funds Stand to Benefit from a Snapchat IPO

At least four hedge fund firms have bought private stock in the social media company, whose planned offering could value it at $25 billion.

If Snapchat parent Snap goes ahead as reported with an initial public offering next year, a number of hedge fund managers could be handsomely rewarded. That’s because they have been investors in the private stock of the photo-messaging application provider, in some cases for several years.

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