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416 sats \ 2 replies \ @grayruby 29 Jan \ on: Reddit Advised to Target at Least $5 Billion Valuation in IPO tech
Surprised they are going public at that valuation. Do you know what the valuation was of their last private round?
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41 sats \ 1 reply \ @kr OP 29 Jan
i believe their last round was at $10 billion in 2021
https://www.bnnbloomberg.ca/reddit-is-raising-funding-at-a-10-billion-value-1.1639417
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375 sats \ 0 replies \ @grayruby 29 Jan
Ouch. Quite a haircut, especially considering a couple more years of dilution through stock based comp issuance.
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