Snapchat CEO: 'We need to IPO'

• Snapchat CEO Evan Spiegel has revealed plans for an IPO, saying he had no desire to field any acquisitions offers - like Facebook's (NASDAQ:FB) $3B bid for the company nearly two years ago.
• Spiegel’s comments, coming at the Code Conference in California, were the first time he publicly acknowledged the possibility of an IPO. He stopped short of saying when the company, most recently valued at $15B, might try to go public.