The company formerly known as Snapchat — now dubbed Snap Inc. — is reportedly prepping for an IPO. The Wall Street Journal‘s sources say shares could start selling by late March. This would put Snap Inc. among the likes of other social media heavyweights like Facebook Inc. (ticker: FB) and Twitter Inc. (TWTR).

Here’s what you need to know about the potential IPO, courtesy of The Wall Street Journal’s report.

The value: $25 billion. The IPO would the value the company at this price or higher.

$25 billion > $3 billion. This would prove Snap CEO and co-founder Evan Spiegel was right in saying no to Facebook’s $3 billion acquisition offer in 2013.

This won’t necessarily happen. If it does, though, this would mean the largest company since 2014 to make a public offering on a U.S. exchange. That current title belongs to Alibaba Group Holding Ltd. (BABA), which began at a $168 billion valuation.

It could mean money for acquisitions. The IPO money could go toward augmented or virtual reality purchases, according to one of the sources. Snap’s name change is in an effort to separate itself from its signature Snapchat app. The company just announced its Spectacles sunglasses, which feature a wireless video camera.

Good news for the tech market. If this plays out, it would please the technology sector. So far this year on the U.S. exchanges, just 19 tech companies went public. That said, there were a series of tech IPOs last month among lower-scale companies.

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5 Things to Know About Snap Inc.’s IPO Plans originally appeared on usnews.com