Reddit Picks Morgan Stanley and Goldman Sachs for IPO

Social media platform, Reddit, has chosen Morgan Stanley and Goldman Sachs to assist in its efforts to go public as soon as March of this year.Reddit first announced that it had quietly filed for an IPO back in December, and is now aiming for a valuation of over $15 billion USD. Its last private funding round led by Fidelity investments in August of 2021, had the company valued at $10 billion USD.In an earlier announcement, Reddit shared that it had made more than $100 million USD in ad revenue ...