According to a media report, the internet forum Reddit is targeting an IPO in the US in 2023. The Medford, Massachusetts-based company is likely aiming to make the jump to the trading floor in the second half of the year, technology news site The Information reported. , citing Insider.
Reddit and other IPO candidates are currently updating their offering documents in preparation for their debut as market conditions improve. No comments were initially available on Reddit.
The IPO market practically came to a standstill last year. In the recent past, masses of small investors have hooked up on the Reddit platform and influenced stock prices.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
