- Reddit’s highly anticipated IPO launches this Thursday, marking a major milestone for the popular social media platform.
- It’s the first major social media IPO since 2019, and Reddit’s initial valuation stands at $6.5 billion.
Reddit, the popular discussion forum, makes its Wall Street debut this Thursday. The highly anticipated IPO is the first major social media company to go public since 2019, with a valuation of $6.5 billion.
Despite its massive 73 million user base, Reddit has yet to turn a profit. Yet, investors are buzzing about the potential. Redditors can join the action by buying and selling shares immediately, which may contribute to initial stock volatility.
