Questions-and-answers site Quora prepares for IPO in early 2022: Report

US knowledge-sharing website Quora Inc has kicked off preparations for an initial public offering (IPO) in early 2022, according to people familiar with the matter.

Quora has in recent days held talks to hire investment bankers and lawyers for a stock market debut in New York, the sources said. The Mountain View, California-based company was valued at around $2 billion in a private funding round in 2019, and hopes to be worth more than twice that in an IPO, one of the sources added.

The sources, who requested anonymity because the preparations are confidential, cautioned that the timing and size of the flotation are subject to market conditions and could change.