Reddit Targets $5 Billion Valuation for Upcoming IPO

Final valuation will depend on IPO market recovery, with potential launch as early as March.

Reddit is considering a valuation of at least $5 billion for its upcoming IPO, with potential investors advising the company to aim for this figure.
Private trades of unlisted Reddit shares currently value the company below $5 billion, between $4.5 billion and $4.8 billion.
The company's valuation will depend on the recovery of the IPO market, which has struggled in recent years.
Reddit's IPO could occur as soon as March, with the company planning to sell about 10% of its shares.
Reddit confidentially filed for its IPO in December 2021, at which time it was valued at about $10 billion.