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Snap is preparing to step out into the public markets and has hired MS and GS for a potential equity offering as soon as the first quarter of 2017.
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Yet for all of the service’s phenomenal growth, Snapchat’s parent must still demonstrate to potentially skittish stock market investors that it has a path to profitability if its offering is to soar, analysts say. “Investors aren’t willing to buy growth at all costs,” Kathleen Smith, a co-founder of Renaissance Capital, said.
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