‘We need to IPO,’ says Snapchat founder


Fortune

Snapchat CEO and co-founder Evan Spiegel has revealed the most definitive plans yet about the financial future of his messaging app.

“We need to IPO, we have a plan to do that,” he said Tuesday. “An IPO is really important.”

Spiegel’s comments on stage at the Code tech conference in Southern California, show that he is serious about an initial public offering for Snapchat. The app has made a splash by letting users send photos and short videos that disappear after the recipient sees them.

Although Spiegel teased the audience with the idea of an initial public offering, he remained vague about any of the details. There was no mention of when such an IPO would take place — whether months or years in the future — or how big it would be.

Spiegel swatted away questions about selling Snapchat to a larger company down the road. He famously turned…

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