Reddit plans to IPO in Q1 2024 and is discussing with potential investors
On November 29th, according to Bloomberg, Reddit is in discussions with potential investors to prepare for a possible listing of the social media group. Sources familiar with the matter said that Reddit is considering an early initial public offering in the first quarter of next year.
As previously reported by Jinse Finance, on October 18th, Reddit decided to terminate its blockchain-based community points service, which had been in operation for nearly three years. Tim Rathschmidt, Reddit's consumer and product communications director, said: Although we see some future opportunities for community points, the required resource investment is too high to continue. In addition, regulatory environment has increased difficulties in this area. Reddit will cancel community points on November 8th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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