Reddit's IPO Valuation and Upcoming Target by WallStreetBets
Wednesday, 6 March 2024, 12:19
Reddit's IPO Valuation and Upcoming Target by WallStreetBets
The long-awaited IPO of Reddit is imminent with a potential valuation of $6.5 billion, sparking interest from investors and the WallStreetBets subreddit.
Previous valuations and attempts of IPO
- Reddit secured funding in 2021 valuing the company at $10 billion, with an IPO potential of $15 billion.
- Feedback from potential investors suggests a valuation of at least $5 billion, initially aiming at mid-single-digit-billion range.
- Shares marketing to potential investors expected to start on March 11.
WallStreetBets could make RDDT stock highly volatile: Reddit warned about potential volatility due to the involvement of retail investors from r/WallStreetBets and other online forums.
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