Snap’s Disclosures Ahead of IPO Draw Regulator Scrutiny
Company says it believes regulators are focused on IPO disclosures relating to competition from Instagram
Snap Inc. is facing scrutiny from regulators about its disclosures to investors ahead of its 2017 initial public offering.
The disappearing-messages company has received subpoenas and requests for information from the Justice Department and Securities and Exchange Commission, a spokesman for Snap said Tuesday.
Snap said in a statement it...