Reddit is working on an IPO in March with a valuation of $15 billion
Despite being one of the largest and most famous social networks, Reddit is a private company so far, but it is seeking to change that soon by announcing that it has submitted a request to the US Stock...
Despite being one of the largest and most famous social networks, Reddit is a private company so far, but it is seeking to change that soon by announcing that it has submitted a request to the US Stock Exchange for an IPO.
The company did not reveal many details about the listing of its shares on the stock exchange and how it will do so, but it is currently known that it collected investments worth 700 million US dollars before this step, specifically in August, and its valuation rose to 10 billion US dollars after that, before its move to offer its shares for subscription.
Reddit hopes that the IPO will take place next March, and with it its valuation will rise to $15 billion by the time of the offering, according to a Reuters report, but that's not certain - the target value may go up or down then.
