Monday, July 28, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Reddit plans to launch IPO in March, report says

Simon Osuji by Simon Osuji
January 18, 2024
in Creator Economy
0
Reddit plans to launch IPO in March, report says
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Reddit is preparing to launch its initial public offering (IPO) in March, according to a new report from Reuters. The report notes that the move comes more than three years after the San Francisco-based social media platform first began eyeing an IPO. Reddit is planning to make its public filing in late February and complete the IPO by the end of March.

The company is looking to sell around 10% of its shares in the IPO, and will decide on what IPO valuation to pursue closer to the time of the listing. However, Reuters sources cautioned that Reddit’s IPO plans could potentially be pushed back, which has happened in the past.

Reddit declined to comment on the matter.

The news comes nearly two months after Bloomberg reported that Reddit was holding talks with potential investors for an initial public offering.

Reddit, which was founded in 2005, confidentially submitted a draft registration statement with the Securities and Exchange Commission to go public in December 2021, but those plans never materialized. The move took place just months after Reddit had raised $410 million in a Series F funding round led by Fidelity, valuing it at $10 billion. At the time, it had plans to close out the round at $700 million.

In January 2022, it was reported that Reddit was working with Morgan Stanley and Goldman Sachs to go public and was considering a valuation of as much as $15 billion.

The company has yet to turn a profit, Reddit CEO and co-founder Steve Huffman revealed last June. Reddit has held off on launching an IPO until it came closer to profitability. Its IPO plans have also been delayed due to uncertainty around the IPO market over the last two years, Reuters notes.

The Information reported a few weeks ago that Reddit expected to finish 2023 with ad revenue up more than 20% to slightly over $800 million.

Source link

Related posts

Intel Laying Off Tens of Thousands of Employees: CEO Memo

Intel Laying Off Tens of Thousands of Employees: CEO Memo

July 26, 2025
AI referrals to top websites were up 357% year-over-year in June, reaching 1.13B

AI referrals to top websites were up 357% year-over-year in June, reaching 1.13B

July 25, 2025
Previous Post

Today’s D Brief: ‘Insane’ number of cross-border attacks; US hits Houthis, again; B-21 flies at Edwards; Some secrets get less secret; And a bit more.

Next Post

Novel frequency-adaptive methods enhance remote sensing image processing

Next Post
Novel frequency-adaptive methods enhance remote sensing image processing

Novel frequency-adaptive methods enhance remote sensing image processing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Google Losing Search Ad Dominance to AI, Amazon, TikTok

Google Losing Search Ad Dominance to AI, Amazon, TikTok

10 months ago
Sudan: New Attacks in Darfur

Sudan: New Attacks in Darfur

2 years ago
Azizi Developments renews partnership with Cummins Inc. for fourth phase of Riviera

Azizi Developments renews partnership with Cummins Inc. for fourth phase of Riviera

1 year ago
Kenyan Students Share Their Path to Studying in the U.S.

Kenyan Students Share Their Path to Studying in the U.S.

5 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.