Exclusive-Reddit seeks to hire advisers for U.S. IPO -sources

Sep 2, 2021 · (Reuters) -Reddit Inc, the operator of online message boards that became the go-to destination for day traders chasing this year's frenzy for so-called meme stocks, is seeking to …

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Reddit Seeks To Hire Advisers For US IPO: Sources - ETCIO.com

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Sep 4, 2021 · Reddit seeks to hire advisers for US IPO: Sources Reddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, …

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Reddit Seeks To Hire Advisors For IPO, Sources Say

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Sep 2, 2021 · Reddit was valued at $10 billion in a private fundraising round last month.

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FAQs about Exclusive-Reddit seeks to hire advisers for U.S. IPO -sources Coupon?

Did Reddit hire advisers for its IPO?

A Reddit spokesperson declined to comment. Reddit's move to hire advisers for its IPO was previously unreported. In a recent interview with the New York Times, Chief Executive Steve Huffman had said the company was planning to go public but had not decided on the timing. Reddit was founded in 2005 by Huffman and entrepreneur Alexis Ohanian. ...

Will Reddit hire investment bankers & lawyers for IPO?

Sept 2 (Reuters) - Reddit Inc, the operator of online message boards that became the go-to destination for day traders chasing this year's frenzy for so-called meme stocks, is seeking to hire investment bankers and lawyers for an initial public offering (IPO) in New York, two people familiar with the matter said on Thursday. ...

How much will Reddit's IPO cost?

By the time the IPO takes place early next year, Reddit is hoping it will be valued at more than $15 billion, one of the sources said. The sources cautioned that the timing and size of the IPO were subject to market conditions and asked not to be identified because the preparations are confidential. A Reddit spokesperson declined to comment. ...

Who are Reddit's biggest investors?

Reddit's biggest investors include Fidelity Investments, Andreessen Horowitz, Sequoia Capital and Tencent Holdings (0700.HK). Online brokerage Robinhood Markets Inc (HOOD.O), whose trading app also became popular with retail investors, capitalized on the meme stock frenzy by launching an IPO in July. ...

Is Reddit going public?

Reddit’s move to hire advisors for its IPO has not been reported before, but there has been significant speculation in recent months on the company’s go-public plans, after years of staying private. ...

Who founded Reddit?

Reddit was founded in 2005 by Huffman and entrepreneur Alexis Ohanian. It became known for its niche discussion groups, lagging the popularity of other major social media platforms such as Facebook Inc (FB.O) and Twitter Inc (TWTR.N). ...