ImageReddit’s bet on RedditorsReddit is the latest company set to test the uncertain I.P.O.
market, after the unprofitable social media company built around an avid community of newshounds, cryptocurrency devotees and reality TV fans filed to go public.
The company is seeking a valuation of at least $5 billion and DealBook sifted through its prospectus to figure out its pitch to investors.
demand that’s fueling a global stock market rally.
But whether that’s enough to push Reddit to become profitable is a big question hanging over the listing.
Persons:
Reddit, Google that’s
Organizations:
Google
Locations:
newshounds, A.I