Snap, the maker of the disappearing photo app Snapchat, has filed publicly for an initial offering, but where does it rank among the biggest tech IPOs of all time?
An IPO (initial public offering) is when a firm offers the sale of stock to the public for the first time by floating the company on the stock exchange.
Snapchat is the first US social media company to go public since Twitter more than three years ago, and it plans to raise as much as $4 billion in the IPO for a market value of $25 billion.
Here are ten of the biggest ever IPOs in the tech sector by valuation:
Alibaba
Date of IPO: September 2014
Share price at IPO: $68
Valuation as set by IPO: $167.4 billion
Raised at IPO: $25 billion
Current share price: $100.84
Current valuation: $25.62 billion
Date of IPO: May 2012
Share price at IPO: $37
Valuation as set by IPO: $104.2 billion
Raised at IPO: $16 billion
Current share price: $130.84
Current valuation: $378 billion
Date of IPO: August 2004
Share price at IPO: $85
Valuation as set by IPO: $23 billion
Raised at IPO: $1.9billion
Current share price: $818
Current valuation: $558 billion
Date of IPO: November 2013
Share price at IPO: $26
Valuation as set by IPO: $14.2 billion
Raised at IPO: $1.8 billion
Current share price: $17.78
Current valuation: $12.7 billion
Groupon
Date of IPO: November 2011
Share price at IPO: $20
Valuation as set by IPO: $12.7 billion
Raised at IPO: $700 million
Current share price: $$3.52
Current valuation: $2 billion
Date of IPO: May 2011
Share price at IPO: $45
Valuation as set by IPO: $4.3 billion
Raised at IPO: $352.8 million
Current share price: N/A
Current valuation: Company sold to Microsoft last year for $26 billion
Square
Date of IPO: November 2015
Share price at IPO: $9
Valuation as set by IPO: $2.9 billion
Raised at IPO: $243 million
Current share price: $14.36
Current valuation: $5 billion
Match.com
Date of IPO: November 2015
Share price at IPO: $12
Valuation as set by IPO: $2.9 billion
Raised at IPO: $400 million
Current share price: $17
Current valuation: $4.3 billion
Pandora
Date of IPO: June 2011
Share price at IPO: $16
Valuation as set by IPO: $2.6 billion
Raised at IPO: $235 million
Current share price: $13
Current valuation: $3 billion
Etsy
Date of IPO: April 2015
Share price at IPO: $16
Valuation as set by IPO: $1.8 billion
Raised at IPO: $267 million
Current share price: $12.70
Current valuation: $1.47 billion