Reddit may consider an IPO again

Reddit is reportedly testing an IPO again.

On Monday, Bloomberg reported that Reddit “is holding talks with potential investors for an initial public offering.”

Bloomberg sources say the 2005 San Francisco company co-founded by Steve Huffman, Aaron Swartz, and Alexis Ohanian may go public in the first quarter.

Reddit has confidentially filed a draft registration statement with the SEC to go public in December 2021. Plans never came true. Just months earlier, Reddit had raised $410 million from Fidelity, valuing it at $10 billion. The Series F round was scheduled to close at $700 million.

Reddit even hired Morgan Stanley and Goldman Sachs to list in January 2022. The company considered a $15 billion valuation.

If it goes public next year, its valuation is unknown.