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Reddit Seeks To Launch IPO In March
According to Reuters, Reddit plans to launch its initial public offering (IPO) in March, "moving forward with a listing it has been eyeing for more than three years." From the report: It would be the first IPO of a major social media company since Pinterest's, opens new tab debut in 2019, and would...
According to Reuters, Reddit plans to launch its initial public offering (IPO) in March, "moving forward with a listing it has been eyeing for more than three years." From the report: It would be the first IPO of a major social media company since Pinterest's, opens new tab debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from the likes of TikTok and Facebook. The San Francisco-based company, which was valued at about $10 billion in a funding round in 2021, is seeking to sell about 10% of its shares in the IPO, the sources added.
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