Reddit is in talks with potential investors for an initial public offering (IPO) in Q1 2024. The company is considering a valuation of $15 billion and is working with Morgan Stanley and Goldman Sachs on the listing. Reddit previously raised $410 million in financing led by Fidelity, valuing the company at $10 billion. The CEO, Steve Huffman, stated that Fidelity’s investment would give them more time to decide when and how to go public. Sequoia Capital and Andreessen Horowitz have also invested in Reddit, which has received over $1 billion in funding to date.
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Reddit plans to go public in 2024, once again
Reddit is in talks with potential investors for an initial public offering (IPO) in Q1 2024. The company is considering a valuation of $15 billion and is working with Morgan Stanley and Goldman Sachs on the listing. Reddit previously raised $410 million in financing led by Fidelity, valuing the company at $10 billion. The CEO, Steve Huffman, stated that Fidelity’s investment would give them more time to decide when and how to go public. Sequoia Capital and Andreessen Horowitz have also invested in Reddit, which has received over $1 billion in funding to date.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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