Reddit could go public in the US as soon as March with a valuation of at least US$5 billion

Reddit, a social media company known as the "home base of American retail investors" and owns well-known forums such as WallStreetBets, is considering listing in the United States with a valuation of at least US$5 billion. According to reports, the company will go public as soon as March and is expected to be valued at at least US$5 billion, which will largely depend on the market for the new share issuance and the timing of the transaction.

Other reports previously said Reddit was valued at about $10 billion in a 2021 funding round and planned to sell about 10% of its shares in the IPO.

In March 2022, the social media company selected a number of banks to help it prepare for an IPO, but the company's listing plans were shelved due to the Federal Reserve's interest rate hikes and the ensuing risk aversion. However, the performance of U.S. stocks has gradually improved over the past year.

According to reports, the company plans to submit a listing application at the end of February, conduct a road show in early March, and complete the IPO at the end of March.