Reddit reportedly hires bankers and lawyers as it aims for $15bn IPO
by Reuters from on (#5P3MS)
Online message board company preparing for initial public offering in early 2022, insiders say
Reddit is seeking to hire investment bankers and lawyers for an initial public offering in New York, two people familiar with the matter told the Reuters news agency.
Reddit was valued at $10bn in a private fundraising round last month. By the time the IPO would take place early next year, the online message board company is hoping it will be valued at more than $15bn, one of the sources said.
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