Reddit made public its paperwork for an initial public offering (IPO) in the United States on Thursday. The IPO filing comes almost two decades after Reddit’s launch and will be a major test for the platform that still lags the commercial success of social media contemporaries. Reddit was valued at $10 billion in a funding round in 2021. It is unclear what valuation the company will aim for during its share sale. Morgan Stanley and Goldman Sachs have been selected as the lead underwriters for Reddit’s IPO.
Reddit Files for IPO Valued at $10 Billion, Major Test Ahead, US
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