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Snapchat's Evan Spiegel: 'We need to IPO'
Snapchat's Evan Spiegel: 'We need to IPO'

Evan Spiegel, the notoriously secretive and prickly chief executive of Snapchat, has revealed one juicy tidbit: The Venice startup wants to go public, and plans are underway for an IPO. The 24-year-old made the admission Tuesday evening during an onstage conversation with Re/code founders Walt Mossberg and Kara Swisher at their Code conference in Rancho Palos Verdes. Mossberg: Does it matter to you, that there be an exit for your business? Spiegel: That really matters. We need to IPO. We have a plan to do that. Obviously I can't give you too much color there. But -- Swisher: How about a little? Plan to IPO by -- ? Spiegel: Again, can't give you color there. Swisher:...

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