Snap will trade on the New York Stock Exchange under the ticker symbol SNAP. That offering, in 2014, raised nearly $22 billion.
The company is said to be valued at $20 billion to $25 billion, and is looking to raise $3 billion in the offering.
Currently, it is not clear how this augmented reality feature will interact with Snapchat.
The filing also reveals that Snapchat has 158 million daily active users for the fourth quarter of 2016, an increase of 48% from the year earlier. It brought in $404 million in 2016, up from $58.7 million in 2015. Its cost of revenue was $451 million.
Reports say the company will go public about its IPO plans as soon as this week, with shares to be offered in March.
Here's Snap's official explanation, from its S-1 filing: It will "motivate him to continue growing our business and improving our financial results so that we could undertake an initial public offering, which we regard as an important milestone that will provide liquidity to our stockholders and employees".
Adding, "We can not predict whether this structure and the concentrated control it affords [CEO Evan] Spiegel and [co-founder and CTO Robert] Murphy will result in a lower trading price or greater fluctuations in the trading price of our Class A common stock as compared to the trading price if the Class A common stock had voting rights".
While Snapchat's user base may not be growing as robustly, the amount of money Snap Inc. makes per user is. If and when they are released, people familiar with the matter believe users would receive the lenses first, ahead of advertisers, who could then construct campaigns and strategies based on how Snapchat's user base reacts to the advanced feature.
The syndicate is composed of Morgan Stanley, Goldman Sachs, J. P. Morgan, Deutsche Bank, Barclays, Credit Suisse, and Allen & Company.