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Snap’s IPO message: We’re the next Facebook, not Twitter

Virtual messaging service’s pitch designed to convince investors that platform can evolve into a content powerhouse

Snap’s IPO message: We’re the next Facebook, not Twitter
Photo: iStock

When Snap goes on the road next year to market its initial public offering, it will be touting more than its popular virtual messaging service.

Evan Spiegel, the company's 26-year-old founder, is expected to figure prominently in conversations with investors during the marketing process, known as a roadshow, according to people familiar with the matter. Snap's IPO bankers and executives are planning to portray Spiegel as a visionary who knows how to create products for his coveted millennial peer group, the people said.

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