Snap Will Launch IPO on the New York Stock Exchange

Snap, the owner of the popular messaging service Snapchat, has chosen Intercontinental Exchange’s New York Stock Exchange (NYSE) for its initial public offering (IPO), a person familiar with the matter said on Monday.

The selection comes as Snap is preparing to make its earnings public this week ahead of the IPO that is expected in March. It represents a setback for Nasdaq, which was also vying to host Snap’s IPO.

Related: Snapchat to Reveal Financials Within a Week

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