WHALE.TIPS VIEWER

Financial News: Reddit likely going public soon

Financial News:

Reddit likely going public soon

Reddit

Reddit, the social networking business that fueled the 2021 meme stock craze, is working with Morgan Stanley and Goldman Sachs to go public as soon as March 2022.

Reddit could possibly be worth up to $15 billion in an IPO, according to the people, who asked not to be identified.

Last July, investors valued the San Francisco-based startup at $10 billion in a fundraising round led by Fidelity Management. Sequoia Capital, Andreessen Horowitz, Coatue Management, and Tencent Holdings Ltd. are among the other Reddit investors, according to data provider PitchBook.

Photo: Reddit is an American social news aggregation, web content rating, and discussion website. Registered members submit content to the site such as links, text posts, images, and videos, which are then voted up or down by other members.

N/A []

Content ID: 1641822711 Created Monday, January 10, 2022 1:51 PM UTC by Aaron Stipkovich, Updated Monday, January 10, 2022 1:59 PM UTC by Aaron Stipkovich.