REDDIT posted a more than 20 per cent rise in revenue in 2023 versus the year before, sources familiar with the situation said, as it prepares for one of the United States’ most anticipated potential initial public offerings (IPOs).
REDDIT posted a more than 20 per cent rise in revenue in 2023 versus the year before, sources familiar with the situation said, as it prepares for one of the United States’ most anticipated potential initial public offerings (IPOs).
RedditThe current owners set the offer price, and tries to argue for why it’s worth that much. It’s up to investors to sign up to buy. If not enough investors sign up, the deal won’t go through and Reddit has to go back to the drawing board.You’d hope investors would see through the facade and not sign up unless it’s dirt cheap, and maybe they will. There are plenty of dumb investors though.