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Reddit plans to launch IPO in March, report says
Reddit is preparing to launch its initial public offering (IPO) in March, according to a new report from Reuters.
The report notes that the move comes more than three years after the San Francisco-based social media platform first began eyeing an IPO. Reddit, which was founded in 2005, confidentially submitted a draft registration statement with the Securities and Exchange Commission to go public in December 2021, but those plans never materialized. The move took place just months after Reddit had raised $410 million in a Series F funding round led by Fidelity, valuing it at $10 billion.
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