Reddit’s IPO could open door ‘a little bit more’ for other public offerings in 2024

Reddit's upcoming IPO will be closely watched by a number of companies eyeing public offerings, according to Greg Martin, co-founder of private securities broker-dealer Rainmaker Securities.

"I do think it's noteworthy, people are going to be paying attention to it," he told MarketWatch, adding that it could open the IPO door "a little bit more." Rainmaker Securities does not hold a position in Reddit.

Geopolitical uncertainty, interest-rate hikes and bank failures hindered a hoped-for IPO market rebound in 2023. As a result, a number of companies are eyeing IPO opportunities in 2024. "There's a backlog of companies in the tech sector," said Martin. "There's a significant dust-off of S-1s."…Read Full Article