Reddit IPO: Profit Before Principles

If you ask Reddit users what they think about a possible Reddit IPO, you will get answers like this in the relevant forums: “I can’t imagine that Reddit could have any value. The platform is neither attractive for companies , nor for celebrities and politicians. Half of the user base consists of bots and the majority of human users are depressed, worn-out teenagers and students,” writes someone under the pseudonym Shredding_Airguitar.

Those responsible at Reddit around CEO Steve Huffman see it differently. On Thursday they filed an application for an IPO with the US Securities and Exchange Commission (SEC). Shares could be traded on the New York Stock Exchange under the symbol RDDT as early as March. The company is seeking a valuation of at least $5 billion, as The New York Times reports with reference to insiders, but the amount could change in the coming weeks.

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