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Business News Roundup, Feb. 3

Feb 03, 2017 - The San Francisco Chronicle

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Snap targets $3 billion IPO

Snap Inc., owner of the popular disappearing-messages service Snapchat, seeks to raise up to $3 billion in an initial public offering. That amount may change based on investor demand.

The highly anticipated IPO is expected to be one of the largest since Alibaba Group went public in 2014. But Snap is better known than the e-commerce company, drawing comparisons instead to the IPOs of Facebook and Twitter.

According to IPO docume...