Social media giant Reddit reportedly intends to launch its initial public offering (IPO) in March, nearly three years after hiring IPO advisers.
Social media giant Reddit is reportedly looking to launch its initial public offering (IPO) in March, according to a Reuters report.
The San Francisco-based firm will reportedly sell about 10% of its shares in the IPO, with its valuation to be revealed around the time of listing. The social media giant was valued at $10 billion after its funding round in 2021.
If Reddit plans to go public in March, it will be the first major social media IPO since Pinterest’s in 2019. Founded in 2005, Reddit became a popular online forum for people to discuss and share their experiences via various subreddits.
