The US ‘Retail Home Base’ Reddit may go public as soon as March

According to reports, Reddit, a social media company known as the base camp of American retail investors and owning well-known forums such as WallStreetBets, approached Morgan Stanley and Goldman Sachs about IPO plans, which could go public as soon as March.

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Reddit announced in mid-December that it had confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) in preparation for its listing. Reddit was founded in 2005, acquired by Conde Nast Publications in 2006, and spun off into an independent subsidiary in 2011.

Since then, the company has secured a string of financings from venture capital firms. The company’s most recent funding round was in August last year, raising $700 million and valuing the company at more than $10 billion.

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