It has been known for a long time that Reddit plans to go public, and in recent weeks it has been revealed that this debut would be imminent. The entry of this company into the stock market, which has generated a lot of expectation, is also the subject of much speculation and theories. In fact, according to various media reports, the Reddit IPO valuation would be around $6.5 billion.
With this, what is still to be known is whether, finally, in this month of March, Reddit will be seen as a publicly traded company. It is a plan that has been years in the making, so the fact that it will come to an end in the coming weeks has aroused a lot of interest among curious people, investors, and regular Reddit users.
Reddit and its IPO
The Reddit IPO could have a value of $6.5 billion, but also, media outlets like CNBC have hinted that the price per share of Reddit would be around $31 and $34, positioning itself from the start as a company with strong expectations in the technology sector stock market.
It was already known about Reddit’s IPO, but little by little more information and estimates about the start of this media IPO are being known. With this change, although it does not imply big changes for users, it will be for the company, since it radically changes the type of company it was previously constituted. Now, in addition, with the stock quotes, the new investors who enter the company will also have weight on the decisions that need to be made in it.
Reddit as a service
Reddit is well known by millions of users for being a service that has been on the web for many years, being, in a way, one of the most important forums of forums on the Internet. That is why their current team is confident in their IPO, with which they have high expectations.
However, its community has had a love-hate relationship with this platform for some time, as, especially in recent years, it has implemented very unpopular measures or even gone against the original ideas of the service itself, which generated a lot of discontent among its long-time users. Now, however, the outcome of its IPO remains to be seen with a major change in its business.
