In today’s briefing:
- Reddit IPO Preview
Reddit IPO Preview
- Reddit is getting ready for an IPO in the United States in the next several weeks. It is expected that this IPO will be completed in March.
- The company was previously valued at US$10 billion in a funding round in 2021. It is expected that the company could sell about 10% of its shares in this IPO.
- Reddit may be seeking a valuation of at least US$5 billion in this IPO, which would be nearly half its valuation it received in 2021 in a private funding round.
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