Investors suggest Reddit aim for multi-billion dollar valuation ahead of IPO: report

Reddit has been advised to target a valuation of at least $5 billion in a potential initial public offering (IPO) this spring, according to a report from Bloomberg News.

The social media network – which hosts forums for users to share, discuss and vote on content – has been holding meetings with potential IPO investors and advisers have suggested the company should target roughly $5 billion as its valuation, per Bloomberg’s report citing people familiar with the discussions.

Bloomberg noted that private trades of Reddit’s unlisted shares have been traded at a valuation below $5 billion – with would-be buyers on Rainmaker Securities’ platform submitting bids with a value in the $4.5 billion to $4.8 billion range and Forge Global Holdings’ database indicating a $4.8 billion valuation…Read Full Article