Reddit aims for a $5B+ valuation in its upcoming IPO, potentially in March; last social media IPO was Pinterest in 2019 at $10B.

Reddit is considering a valuation of over $5 billion for its upcoming initial public offering (IPO), advised by potential investors. The IPO may occur as early as March, depending on the state of the IPO market. This targets a shift from the high social media company valuations of the past. Reddit, founded in 2005, experienced significant growth, particularly during the pandemic. The planned IPO market recovery in 2024 may contribute to a more active investor climate.

January 28, 2024
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