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Reddit Said To Be Moving Closer To Long-Anticipated IPO
Reddit appears to be moving closer to a long-anticipated IPO. Citing sources, the news agency Reuters said the tech company could make the move to go public as soon as March and has been drawing up…
Citing sources, the news agency Reuters said the tech company could make the move to go public as soon as March and has been drawing up paperwork toward that end. A few years after Reddit was founded in 2005 by Alexis Ohanian, Steve Huffman and Aaron Swartz, the nascent site was sold to Condé and then spun into an independent company. Because Advance and Reddit have been privately held, the exact size of the company’s stake has not been previously revealed, but it reportedly holds a majority of shares.
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