(Reuters) - Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter.<div><a href="http://feeds.reuters.com/~ff/reuters/technologyNews?a=f8z3eQg2Fpo:vTBRcCLHGTY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/technologyNews?d=yIl2AUoC8zA" border="0" /></a> <a href="http://feeds.reuters.com/~ff/reuters/technologyNews?a=f8z3eQg2Fpo:vTBRcCLHGTY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/technologyNews?i=f8z3eQg2Fpo:vTBRcCLHGTY:V_sGLiPBpWU" border="0" /></a> <a href="http://feeds.reuters.com/~ff/reuters/technologyNews?a=f8z3eQg2Fpo:vTBRcCLHGTY:-BTjWOF_DHI"><img src="http://feeds.feedburner.com/~ff/reuters/technologyNews?i=f8z3eQg2Fpo:vTBRcCLHGTY:-BTjWOF_DHI" border="0" /></a></div><img src="http://feeds.feedburner.com/~r/reuters/technologyNews/~4/f8z3eQg2Fpo" height="1" width="1" alt="" />