PastAt the end of 2021Reddit, which applied for listing but ultimately failed, was reportedly planning to apply for listing again as early as the first quarter of next year.
According toTechCrunch websiteThe report stated that Reddit responded that it is currently in a silent period and therefore cannot respond to the listing rumors.
Reddit applied for listing at the end of 2021, expecting to raise US$7 million in funds. In January 2022, it even invited Morgan Stanley and Goldman Sachs to assist in the listing, but failed to successfully list. At that time, the estimated market value increased to US$1 billion.
Reddit, known as the "American PTT," was founded in San Francisco in late June 2005. It operates in a similar BBS format and is open to free account registration, allowing users to post content via text or links. It also allows other users to respond to and vote on posts, and determines the ranking of posts on the homepage or in subcategories based on their popularity.
