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Reddit Advised to Target at Least $5 Billion Valuation in IPO

www.bloomberg.com Reddit Advised to Target at Least $5 Billion Valuation in IPO

Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of privat...

Reddit Advised to Target at Least $5 Billion Valuation in IPO

Reddit Advised to Target at Least $5 Billion Valuation in IPO::Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.

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