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Reddit Advised to Target at Least $5 Billion Valuation in IPO (www.bloomberg.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit Advised to Target at Least $5 Billion Valuation in IPO::Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.

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[–] kittenzrulz123@lemmy.world 1 points 9 months ago (2 children)

Ok? Good for them I guess?

[–] JoBo@feddit.uk 2 points 9 months ago (1 children)

Not really.

The valuations under consideration demonstrate the extent of tech’s retreat from the heady days of the private funding boom that peaked in 2021. Reddit raised funds that year at a $10 billion valuation, and could potentially have been valued as much as $15 billion in an IPO, Bloomberg News reported in 2022.

I'd like to think we all had a little bit to do with it also.

[–] kittenzrulz123@lemmy.world 1 points 9 months ago

I mean who cares?