Reddit has selected the New York Stock Exchange (NYSE) for its highly anticipated initial public offering (IPO), slated for later this year, as reported by the Wall Street Journal. The social media platform, which was valued at $10 billion last year, is now being asked to consider a valuation of $5 billion for its IPO. The IPO, which has experienced delays, could potentially occur as early as next month according to the Financial Times.
over/under on mentions of "AI" in the S-1: 257 Reddit chooses New York Stock Exchange for long-stalled IPO https://t.co/zSjR5lAQsT
Sources: cloud data management startup Rubrik plans an US IPO as early as April 2024, amid a DOJ fraud investigation into one of its former employees (Reuters) https://t.co/gODHykwHug š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/XCVVMbTjqy
Reddit raised funds last year at a $10B valuation Now they are being asked to be valued at $5B at IPO https://t.co/NRAO7nhsjj
Sources: Reddit has picked the New York Stock Exchange for its long-delayed IPO that could take place as soon as next month (Financial Times) https://t.co/jX9dyFJS06 š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/MU0MPq3iv6
Reddit chooses New York Stock Exchange for long-stalled IPO https://t.co/fUCfN1EFWH
Reddit has picked the New York Stock Exchange for its initial public offering, slated for later this year, according to the Wall Street Journal https://t.co/Ea8dzkU20u
* REDDIT PICKS NYSE FOR HOT IPO: WSJ @JohnSpall247
REDDIT PLANS TO PICK NYSE FOR IPO: WSJ
*REDDIT PLANS TO PICK NYSE FOR IPO: WSJ