Reddit is working with investment banks to prepare for an IPO valued at $15 billion

On January 8, Spectator Index reported that social media platform Reddit has started working with investment banks to prepare for an IPO that could value it at about $15 billion.

As previously reported, social networking company Reddit received a $410 million Series F round led by Fidelity Investments at a valuation of more than $10 billion. It is reported that Reddit users have been interested in cryptocurrencies for a long time. The word "crypto" has been used more than 6.6 million times across the site, and cryptocurrency is the most popular topic on Reddit in 2021.