New York Stock Exchange President Lynn Martin shares her outlook for 2024 on IPOs, mergers and acquisitions, stock valuations, and the Fed’s trajectory.
Reddit has been advised to have a potential valuation of at least $5 billion. Initial public offering (IPO) this spring, as reported by Bloomberg News.
of social media networks The company is hosting forums for users to share, discuss and vote on content, and has been working with potential IPO investors, according to a Bloomberg report citing people familiar with the discussions. Advisors have suggested the company should aim for a valuation of about $5 billion, the people said.
Bloomberg noted that individual trades in private stocks on Reddit are trading at valuations of less than $5 billion. Potential buyers are bidding on the Rainmaker Securities platform at prices ranging from $4.5 billion to $4.8 billion, while Forge Global Holdings’ database shows a valuation of less than $5 billion. There is. The valuation is $4.8 billion.
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Reddit could file for an IPO in the coming months, nearly three years after it first privately disclosed its IPO plans. (Photo illustration: Sheldon Cooper/SOPA Images/LightRocket, Getty Images / Getty Images)
However, private placement transactions may occur at lower valuations than IPOs, as unlisted stocks are mostly illiquid and therefore trade at a discount compared to publicly traded securities. the report added.
Reddit plans to launch an IPO in March after more than three years of consideration, Reuters reported, citing people familiar with the matter.
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Bloomberg News reports that Reddit may be targeting an IPO valuation in the $5 billion range. (Photo by Ahmet Serdar Eser/Anadolu, Getty Images/Getty Images)
According to a timeline outlined by two of the sources, Reddit plans to file a public filing and begin roadshows in late February. pitch to potential investors We will complete the IPO in early March and complete the IPO by the end of the month.
The company will decide IPO valuation According to Reuters, the company plans to sell about 10% of its shares as the listing date approaches.
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Reddit is reportedly considering launching its long-awaited IPO in March of this year. (Photographer: Michael Nagle/Bloomberg via Getty Images / Getty Images)
Reddit secretly filed for an IPO in December 2021. A funding round completed that year valued the company at about $10 billion.
America IPO market The company has been rocked by volatility at times over the past two years, which contributed to Reddit’s decision to postpone its IPO, and the social media company’s potential listing is a key test of the IPO market’s recovery. Dew.
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According to Reuters, sources have warned that Reddit may postpone its IPO plans again, as it has done previously.
Reddit declined to comment.
Reuters contributed to this report.
