1 year ago
Reddit reportedly revives plans to go public, but it's likely to be worth way less than the $15 billion it once hoped for
Reddit, the birthplace of the meme stock craze, is reviving its plan to go public, The Information reported — but the social media platform is likely to be worth way less than its once hoped-for $15 billion valuation. The company is planning to list on the stock exchange in the second half of 2023 through an initial public offering, The Information reported Tuesday, citing people familiar with the matter.
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https://markets.businessinsider.com
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