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Reddit may be targeting a $5 billion valuation for its upcoming IPO

Por: Business Insider Business January 29, 2024

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Excitement is growing for one of the most .Potential investors are advising social media platform Reddit to target a valuation of more than $5 billion as it gears up to go public as soon as March, Bloomberg citing sources familiar with the matter.The success of the IPO is contingent in part on the state of the IPO market, which has struggled in recent years. Reddit's valuation is estimated below the $5 billion figure in private markets,... + full article



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