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FILE - In this Thursday, Oct. 24, 2013, file photo, Snapchat CEO Evan Spiegel poses for a photo in Los Angeles. Snap Inc. is listing the company’s valuation at up to $22 billion as it prepares for the tech industry’s biggest initial public offering in years. The parent company of SnapChat said in a regulatory filing Thursday, Feb. 16, 2017, that the IPO is likely to be priced between $14 and $16 per share. (AP Photo/Jae C. Hong, File)

FILE - In this Thursday, Oct. 24, 2013, file photo, Snapchat CEO Evan Spiegel poses for a photo in Los Angeles. Snap Inc. is listing the company’s valuation at up to $22 billion as it prepares for the tech industry’s biggest initial public offering in years. The parent company of SnapChat said in a regulatory filing Thursday, Feb. 16, 2017, that the IPO is likely to be priced between $14 and $16 per share. (AP Photo/Jae C. Hong, File)

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