Reddit is planning its IPO in March, according to insiders & Bloomberg. March in March. This would be the first significant IPO of a social media company since Pinterest ($PINS ) in 2019. The platform competes with TikTok and Facebook for advertising revenue.

Reddit, with a valuation of around 10 billion US dollars in the year 2021intends to raise approx. 10% of its shares in the course of the IPO.

The exact market value will be determined closer to the time of the IPO. Reddit is expected to be listed at the end of February its stock exchange application publicly, in March roadshow in March and the IPO by the end of March. end of March by the end of March.

However, it should be noted that IPO plans have already been postponed in the past. postponed and Reddit has not yet made an official statement.