The social network Reddit plans to hold an initial public offering in March 2024, Reuters has learned. According to the publication, the company plans to sell up to 10% of its shares; In 2021, it was valued at $10 billion.
The social network Reuters intends to go public in March 2024. This was reported by Reuters, citing sources.
In February, the company will publish an application for initial placement and by the end of March it will complete its entry into the stock exchange, the agency said.
According to Reuters, Reddit plans to sell 10% of its shares. In 2021, the social network was valued at $10 billion and the current share price will be determined closer to the listing date, the publication clarifies.
Reddit’s IPO will be the first time a major social network has gone public since Pinterest’s IPO in 2019.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
