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Reddit at $5B seems eminently reasonable
Reddit's feeling out its own IPO valuation is crucial, especially given that hightened regulatory scrutiny is restricting M&A as an exit avenue for unicorns.
The collapse of Amazon’s proposed deal to buy iRobot highlights just how critical the IPO market is this year. With governments tightening the screws on big tech companies trying to buy smaller firms, a key exit avenue could be closed to startups in the near term. But private tech companies want good IPO news that sticks, and public market investors won’t gain confidence if Reddit clears a bar that it set too low.
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