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Deals Rumor Mill: Snapchat, Allianz, WS Atkins

By Benjamin Horney (January 30, 2017, 7:11 PM EST) -- Snapchat has selected the New York Stock Exchange for its planned initial public offering, Reuters reported on Monday. According to the report, Snap Inc., the parent company of the popular vanishing-photo messaging app, had also considered the Nasdaq. The offering is expected to value Snapchat at as much as $25 billion, the report said. That's a much lower figure than was rumored in late November, when reports said the company had filed confidentially for an IPO that could value Snapchat at up to $40 billion....

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