2024-02-02 11:05:48
The social network hosts discussion forums on a multitude of themes. DADO RUVIC / REUTERS
DECRYPTION – The leader in discussion forums is considering an IPO in March that would value it at $5 billion.
Reddit has been dreaming of this for three years. Will 2024 finally be the year of the Californian social network’s IPO? If it succeeds, it would be the first listing of a social application giant since Pinterest in 2019. Steve Huffman, co-founder who returned to the helm in 2015, now plans to complete the operation at the end of March. It would target a valuation of $5 billion, according to the Bloomberg agency, but the timetable and objective of the IPO may still evolve depending on market conditions. The manager hopes to sell 10% of his personal shares.
We are a long way from the atmosphere that prevailed in 2021. Reddit’s last fundraising, a funding round of more than $400 million led by the Fidelity fund, valued it at $10 billion. The site then targeted $15 billion for its IPO, three times more than today. But the company was late…
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