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But there's a stable of companies that are poised to hit the market. Called unicorns because they've attained the near-mythical status of a $1 billion valuation for a private company, these companies have found a way to tap into the celebrity snapchat names most powerful force in the economy, and they are lining up to bring that wealth to Wall Street. That first unicorn has announced its plans, but is Wall Street ready to accept a revival of the IPO? Snap Inc. - home of social media giant Snapchat - officially announced on Thursday that it is going to conduct an IPO. In its filing, the company is looking to trade on the New York Stock Exchange under the proposed ticker symbol of SNAP.
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