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Sources cited by Reuters say that the social network Reddit has drafted comprehensive plans for an initial public offering (IPO). According to the agency, the company intends to finish the IPO by the end of March, begin a roadshow in early March, and file a public filing in late February.
This will be the first major social media business to go public since Pinterest went public in 2019. According to Reuters, the offering would assist in gauging the support that some Reddit users may show for the company's first public offering.
The company’s spokesperson declined to comment. Agency interlocutors specify that the company plans to sell 10% of its shares during the IPO; the price range, in which the initial public offering will be held, will be determined later. Reddit's IPO plans may be postponed, the sources said, noting that this has happened in the past.
source: reuters.com
This will be the first major social media business to go public since Pinterest went public in 2019. According to Reuters, the offering would assist in gauging the support that some Reddit users may show for the company's first public offering.
The company’s spokesperson declined to comment. Agency interlocutors specify that the company plans to sell 10% of its shares during the IPO; the price range, in which the initial public offering will be held, will be determined later. Reddit's IPO plans may be postponed, the sources said, noting that this has happened in the past.
source: reuters.com
