Reddit may launch IPO in March, nearly 3 years since its initial filing

Reddit is planning to launch its initial public offering (IPO) in March of this year after nearly three years since its initial filing in December 2021, according to a report by Reuters. The social media platform is planning to make the next steps in the following months and complete the process by the end of February, commence its roadshow in early March, and aims to conclude the IPO by the end of March.

The IPO valuation for the company will be determined closer to the listing date taking into account market conditions. Reddit is looking to sell approximately 10 per cent of its shares during the IPO. However, the Reuters report added that these plans may be delayed.