Reddit IPO Targets $10bn Valuation

Reddit Prepares for IPO as Valuation Surpasses $10B

Social media platform Reddit is making strides towards its highly anticipated initial public offering (IPO), set to take place in late March. Led by Chief Executive Steve Huffman, the company plans to file publicly by late February and begin its roadshow in early March. With hopes to sell approximately 10% of its equity, Reddit aims to leverage its impressive $10 billion valuation from 2021. This move marks an exciting and significant milestone for the platform, which has become a prominent force in the online community landscape.