Reddit Inc., the social media platform that helped fuel this year’s meme stock frenzy, said it has confidentially filed for an initial public offering…. The company, which was valued at $10 billion by investors in a funding round this summer, didn’t disclose what valuation it would seek in the IPO.
Nor did online marketing tech shop Rokt, but suffice it to say that it’s a lot more than it would have been six months ago.
The funding round, led by investment firm Tiger Global Management, values the company at $1.95 billion, Rokt said. A round last year valued the company at about $450 million. Rokt is targeting an initial public offering in the U.S. in 2023, Chief Executive Bruce Buchanan said.
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