Reddit is targeting a valuation “in the mid-single-digit billions” for its planned IPO in March, after raising funds at a $10B valuation in 2021, Bloomberg’s Ryan Gould and Bailey Lipschultz report. According to people familiar with the matter, Reddit is weighing feedback from early meetings with potential investors that it should consider a valuation of at least $5B. Publicly traded companies in the space include Meta Platforms (META), Pinterest (PINS) and Snap (SNAP).
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