SAN FRANCISCO — US officials are looking into how forthright Snapchat was with aspiring investors prior to its stock market debut last year, its parent company Snap said on Wednesday. Snap has been responding to subpoenas and requests for information from the department of justice and Securities and Exchange Commission, a spokesperson said. The inquiries apparently stemmed from a class-action lawsuit filed against Snap by investors who contend the company did not reveal how much of a competitive threat Snap faced from Facebook-owned Instagram. “It is our understanding that these regulators are investigating issues related to the previously disclosed allegations asserted in the class action about our IPO [initial public offering] disclosures,” the Snap spokesperson said. “While we do not have complete visibility into these investigations, our understanding is that the [department] is likely focused on IPO disclosures relating to competition from Instagram.” Snap disputed the lawsuit’...

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