Reddit is said to be looking to hire bankers and investment lawyers in preparation for its initial public offering. Informed sources told Reuters that the social news aggregator plans to announce it in early 2022, although the exact timing and size of the IPO can ultimately be determined by market conditions.
Dear Internet at the time, the boiler could not have done anything wrong - as long as he did. The major redesign in 2010 was the straw that broke the camel's back for many loyal users, forcing them to compete with Reddit. The cauldron came down from there. In 2018, the company was sold to an advertising company.
Of course, Reddit has taken wrong steps over the years. However, the situation started earlier this year, when retail investors came to the site for guidance on trading MIM shares. This is almost three times more than the same period last year.
Reddit is said to be preparing for an IPO in 2022