REDDIT IPO
2024
IPO date
15 billion USD
Potential valuation
Amount raised for IPO
Unknown at this time
Share price
Share price range not yet known
Reddit and IPO:
Reddit originally had a planned IPO in the spring of 2023.
IPO Plan Issues:
Poor results from other IPOs, high interest rates and resistance from investment giant Fidelity have complicated plans.
Reddit valuation:
Reddit was valued at $10 billion in 2021, but Fidelity has reduced its value to $5.5 billion as of May 31, 2023.
SEC filing:
Reddit filed documentation to go public with the SEC in December 2021.
Really another interesting IPO for me, I'm honestly really looking forward to 2024. What's your take on Reddit and their IPO?
So 2024 will be an interesting year in terms of IPOs. EpicGames and now Reddit. It's definitely going to be interesting and I'm looking forward to it.
All well-known companies in the coming year. It won't be boring! I don't actively use Reddit, I just always end up on it when I'm solving a technical problem. 😁