That’s right. Snapchat is filing to go public. They are estimating that this will actually happen in March in the hopes of raising $4 billion dollars. Being that they were once offered a crazy amount from Facebook that I believe was higher than this raise, they might just be able to meet the market cap they are hoping for. Of course, the retail investor world is still a little bit hesitant to jump into this type of investment after seeing what happened to Twitter last month… My personal feelings on this company is that they supposedly have a valuation between 20-30 billion, but they don’t make anywhere near this in sales. The value seems a bit frothy to me based on revenues we see from Facebook and Twitter. I don’t know if these guys can figure out how to make $2 billion a quarter at any point in the future.