Rumor: Reddit now plans postponed IPO for March

Platform Reddit would like to go public in March this year. The company would then aim for a valuation of around $5 billion. The IPO had already been planned earlier.

Reddit is busy with meetings around the IPO, reports financial news agency Bloomberg. Reddit announced the IPO at the end of 2021, but has not taken the step until now. It was already preparing for the IPO, including by killing 3rd party apps last year. At the time, the plan was to go public in 2023.