Reddit looking to launch IPO in March

Nathan Jolly

January 19, 2024 9:10

Reddit is planning to launch its initial public offering (IPO) in March, according to reports from Reuters.

The social platform first filed for its IPO back in December, 2021, and was valued at US$10 billion (A$15.2b) during a funding round earlier that same year.

According to Reuters, who quote “people familiar with the matter”, Reddit is planning to float around 10% of its shares. It will make its public filing in late February, with a view to completing the IPO by the end of March.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.